Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Reaches New 52-Week High – Here’s Why

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $121.89 and last traded at $121.86, with a volume of 94776 shares traded. The stock had previously closed at $120.86.

Invesco S&P MidCap Momentum ETF Stock Up 0.2 %

The firm’s 50-day moving average price is $116.63 and its two-hundred day moving average price is $114.73. The firm has a market capitalization of $2.37 billion, a PE ratio of 19.24 and a beta of 1.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. acquired a new stake in Invesco S&P MidCap Momentum ETF during the 2nd quarter worth about $26,000. Glass Jacobson Investment Advisors llc purchased a new position in Invesco S&P MidCap Momentum ETF during the second quarter valued at approximately $26,000. Concourse Financial Group Securities Inc. increased its stake in Invesco S&P MidCap Momentum ETF by 114.2% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 129 shares during the period. Pineridge Advisors LLC purchased a new stake in Invesco S&P MidCap Momentum ETF in the 1st quarter worth approximately $34,000. Finally, Voisard Asset Management Group Inc. purchased a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $30,000.

Invesco S&P MidCap Momentum ETF Company Profile

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.