Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sets New 52-Week High – Should You Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMOGet Free Report)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $173.24 and last traded at $171.91, with a volume of 34155 shares. The stock had previously closed at $169.68.

Invesco S&P MidCap Momentum ETF Stock Up 1.0%

The stock has a market capitalization of $7.24 billion, a PE ratio of 22.06 and a beta of 1.08. The firm has a 50 day moving average price of $161.71 and a 200 day moving average price of $149.59.

Institutional Trading of Invesco S&P MidCap Momentum ETF

A number of large investors have recently bought and sold shares of the company. &PARTNERS boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 2.0% in the fourth quarter. &PARTNERS now owns 3,501 shares of the company’s stock worth $485,000 after acquiring an additional 70 shares during the period. Pacific Sun Financial Corp boosted its stake in Invesco S&P MidCap Momentum ETF by 1.6% during the first quarter. Pacific Sun Financial Corp now owns 5,163 shares of the company’s stock valued at $749,000 after buying an additional 80 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Invesco S&P MidCap Momentum ETF by 0.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 11,845 shares of the company’s stock valued at $1,640,000 after buying an additional 86 shares during the period. Crescent Sterling Ltd. boosted its stake in Invesco S&P MidCap Momentum ETF by 4.4% during the fourth quarter. Crescent Sterling Ltd. now owns 2,233 shares of the company’s stock valued at $309,000 after buying an additional 95 shares during the period. Finally, Advisory Services Network LLC boosted its stake in Invesco S&P MidCap Momentum ETF by 2.4% during the third quarter. Advisory Services Network LLC now owns 4,004 shares of the company’s stock valued at $541,000 after buying an additional 95 shares during the period.

Invesco S&P MidCap Momentum ETF Company Profile

(Get Free Report)

The Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that is based on the S&P MidCap 400 Momentum (USD) index. The fund tracks an index of S&P 400 MidCap stocks selected by momentum and weighted by market cap and momentum. XMMO was launched on Mar 3, 2005 and is managed by Invesco.

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