Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Hits New 52-Week High – What’s Next?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $132.33 and last traded at $131.94, with a volume of 39646 shares traded. The stock had previously closed at $131.95.

Invesco S&P MidCap Momentum ETF Stock Performance

The business has a 50 day moving average of $120.96 and a two-hundred day moving average of $116.96. The stock has a market capitalization of $2.54 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 company. Newbridge Financial Services Group Inc. purchased a new position in Invesco S&P MidCap Momentum ETF in the second quarter worth $26,000. Glass Jacobson Investment Advisors llc purchased a new stake in Invesco S&P MidCap Momentum ETF in the second quarter valued at about $26,000. Concourse Financial Group Securities Inc. raised its position in shares of 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 purchasing an additional 129 shares during the last quarter. Howe & Rusling Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the third quarter worth $30,000. Finally, Pineridge Advisors LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the 1st quarter worth $34,000.

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.