Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sets New 52-Week Low – Time to Sell?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)’s stock price reached a new 52-week low on Friday . The company traded as low as $105.00 and last traded at $105.98, with a volume of 4626 shares. The stock had previously closed at $110.18.

Invesco S&P MidCap Momentum ETF Trading Down 6.3 %

The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 16.68 and a beta of 1.04. The firm’s 50-day moving average is $120.95 and its two-hundred day moving average is $124.51.

Invesco S&P MidCap Momentum ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were issued a $0.3006 dividend. This is a positive change from Invesco S&P MidCap Momentum ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aptus Capital Advisors LLC lifted its stake in Invesco S&P MidCap Momentum ETF by 571.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 235 shares of the company’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $47,000. Synergy Investment Management LLC purchased a new position in Invesco S&P MidCap Momentum ETF during the fourth quarter worth about $49,000. Glass Jacobson Investment Advisors llc raised its stake in Invesco S&P MidCap Momentum ETF by 62.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 415 shares of the company’s stock worth $51,000 after purchasing an additional 160 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $51,000.

About Invesco S&P MidCap Momentum ETF

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.