Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sets New 1-Year High – What’s Next?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $121.89 and last traded at $121.86, with a volume of 94776 shares changing hands. 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 is $116.63 and its two-hundred day moving average is $114.73. The stock has a market cap of $2.37 billion, a P/E ratio of 19.24 and a beta of 1.12.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in XMMO. Park Avenue Securities LLC boosted its position in shares of Invesco S&P MidCap Momentum ETF by 2.6% in the third quarter. Park Avenue Securities LLC now owns 4,111 shares of the company’s stock valued at $495,000 after acquiring an additional 103 shares during the period. Dynamic Advisor Solutions LLC grew its position in Invesco S&P MidCap Momentum ETF by 2.5% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,531 shares of the company’s stock worth $516,000 after purchasing an additional 110 shares during the last quarter. PFG Advisors increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 2.6% during the 1st quarter. PFG Advisors now owns 4,495 shares of the company’s stock worth $516,000 after purchasing an additional 114 shares during the period. Concourse Financial Group Securities Inc. raised its position in shares of Invesco S&P MidCap Momentum ETF by 114.2% during the second 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 last quarter. Finally, American Trust lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 2.7% in the first quarter. American Trust now owns 7,387 shares of the company’s stock valued at $848,000 after buying an additional 192 shares during the period.

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.