Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sets New 12-Month High – What’s Next?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $137.14 and last traded at $136.64, with a volume of 31917 shares traded. The stock had previously closed at $136.07.

Invesco S&P MidCap Momentum ETF Stock Down 0.9 %

The stock has a market capitalization of $2.64 billion, a P/E ratio of 19.24 and a beta of 1.12. The company has a 50-day moving average price of $124.40 and a two-hundred day moving average price of $118.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of XMMO. LPL Financial LLC raised its position in Invesco S&P MidCap Momentum ETF by 19.3% during the third quarter. LPL Financial LLC now owns 1,744,946 shares of the company’s stock valued at $209,969,000 after purchasing an additional 282,112 shares in the last quarter. Cetera Investment Advisers lifted its position in Invesco S&P MidCap Momentum ETF by 842.6% in the 1st quarter. Cetera Investment Advisers now owns 150,228 shares of the company’s stock worth $17,255,000 after buying an additional 134,291 shares during the last quarter. Great Valley Advisor Group Inc. boosted its stake in Invesco S&P MidCap Momentum ETF by 133.4% in the second quarter. Great Valley Advisor Group Inc. now owns 180,213 shares of the company’s stock worth $20,542,000 after buying an additional 102,989 shares in the last quarter. MinichMacGregor Wealth Management LLC bought a new position in Invesco S&P MidCap Momentum ETF during the second quarter valued at approximately $9,204,000. Finally, Foundations Investment Advisors LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 34.7% during the second quarter. Foundations Investment Advisors LLC now owns 215,906 shares of the company’s stock worth $24,611,000 after acquiring an additional 55,650 shares in the last quarter.

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.