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

by · The Cerbat Gem

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $129.05 and last traded at $128.69, with a volume of 24189 shares traded. The stock had previously closed at $124.16.

Invesco S&P MidCap Momentum ETF Price Performance

The firm has a market capitalization of $2.55 billion, a PE ratio of 19.24 and a beta of 1.12. The company has a fifty day moving average of $120.35 and a 200-day moving average of $116.56.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Howe & Rusling Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at $30,000. New Millennium Group LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 78.5% in the third quarter. New Millennium Group LLC now owns 21,680 shares of the company’s stock worth $2,609,000 after buying an additional 9,533 shares during the last quarter. Lowery Thomas LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 5.6% during the 3rd quarter. Lowery Thomas LLC now owns 26,950 shares of the company’s stock worth $3,243,000 after acquiring an additional 1,430 shares in the last quarter. Prospera Financial Services Inc increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 29.2% during the 3rd quarter. Prospera Financial Services Inc now owns 7,334 shares of the company’s stock valued at $882,000 after acquiring an additional 1,659 shares during the last quarter. Finally, Spectrum Wealth Advisory Group LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 0.9% in the 3rd quarter. Spectrum Wealth Advisory Group LLC now owns 24,779 shares of the company’s stock valued at $2,982,000 after acquiring an additional 217 shares in the last quarter.

About Invesco S&P MidCap Momentum ETF

(Get Free Report)

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.

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