Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) Sees Large Volume Increase – Time to Buy?

Shares of Invesco S&P MidCap Value with Momentum ETF (NYSEARCA:XMVM) saw an uptick in trading volume on Tuesday. 105,288 shares changed hands during mid-day trading, an increase of 214% from the previous session’s volume of 33,481 shares. The stock last traded at $72.8160 and had previously closed at $71.82.

Invesco S&P MidCap Value with Momentum ETF Price Performance

The stock has a market capitalization of $519.30 million, a price-to-earnings ratio of 11.50 and a beta of 0.98. The business has a fifty day moving average of $73.32 and a 200-day moving average of $71.34.

Institutional Investors Weigh In On Invesco S&P MidCap Value with Momentum ETF

A number of institutional investors and hedge funds have recently modified their holdings of XMVM. Western Wealth Management LLC acquired a new position in shares of Invesco S&P MidCap Value with Momentum ETF in the 1st quarter valued at $37,000. Integrated Wealth Concepts LLC acquired a new position in Invesco S&P MidCap Value with Momentum ETF in the 2nd quarter worth approximately $52,000. SHP Wealth Management acquired a new position in Invesco S&P MidCap Value with Momentum ETF in the 4th quarter worth approximately $103,000. AdvisorNet Financial Inc acquired a new stake in Invesco S&P MidCap Value with Momentum ETF during the 1st quarter valued at $109,000. Finally, Kestra Advisory Services LLC grew its holdings in shares of Invesco S&P MidCap Value with Momentum ETF by 51.2% during the first quarter. Kestra Advisory Services LLC now owns 3,150 shares of the company’s stock valued at $205,000 after buying an additional 1,067 shares in the last quarter.

Invesco S&P MidCap Value with Momentum ETF Company Profile

The Invesco S&P MidCap Value with Momentum ETF (XMVM) is an exchange-traded fund that is based on the S&P Midcap 400 High Momentum Value index. The fund tracks a value-weighted index of S&P 400 MidCap stocks selected by value and momentum. XMVM was launched on Mar 3, 2005 and is managed by Invesco.