Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Hits New 12-Month High – Should You Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $129.05 and last traded at $128.69, with a volume of 24189 shares. The stock had previously closed at $124.16.

Invesco S&P MidCap Momentum ETF Stock Performance

The business’s fifty day simple moving average is $120.35 and its 200 day simple moving average is $116.56. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XMMO. Park Avenue Securities LLC grew its holdings in Invesco S&P MidCap Momentum ETF by 2.6% during the 3rd quarter. Park Avenue Securities LLC now owns 4,111 shares of the company’s stock worth $495,000 after acquiring an additional 103 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in Invesco S&P MidCap Momentum ETF by 2.5% during the second quarter. Dynamic Advisor Solutions LLC now owns 4,531 shares of the company’s stock valued at $516,000 after buying an additional 110 shares in the last quarter. PFG Advisors lifted its holdings in 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 buying an additional 114 shares during the last quarter. Atria Investments Inc grew its position in shares of Invesco S&P MidCap Momentum ETF by 0.9% in the 3rd quarter. Atria Investments Inc now owns 13,115 shares of the company’s stock worth $1,578,000 after acquiring an additional 122 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 0.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 35,537 shares of the company’s stock valued at $4,276,000 after acquiring an additional 126 shares during the last quarter.

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.