Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sees Large Volume Increase

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) saw an uptick in trading volume on Tuesday . 656,573 shares changed hands during trading, an increase of 132% from the previous session’s volume of 283,023 shares.The stock last traded at $118.43 and had previously closed at $117.30.

Invesco S&P MidCap Momentum ETF Stock Performance

The firm has a market cap of $2.31 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12. The business has a fifty day moving average of $114.58 and a two-hundred day moving average of $108.52.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC raised its position in shares of Invesco S&P MidCap Momentum ETF by 2.5% during 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 raised its holdings in shares of Invesco S&P MidCap Momentum ETF by 2.6% in the first quarter. PFG Advisors now owns 4,495 shares of the company’s stock worth $516,000 after acquiring an additional 114 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its position in shares of Invesco S&P MidCap Momentum ETF by 114.2% in the second quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 129 shares in the last quarter. Sculati Wealth Management LLC increased its position in Invesco S&P MidCap Momentum ETF by 1.3% during the 4th quarter. Sculati Wealth Management LLC now owns 14,294 shares of the company’s stock worth $1,284,000 after purchasing an additional 184 shares in the last quarter. Finally, American Trust raised its stake in Invesco S&P MidCap Momentum ETF by 2.7% in the 1st quarter. American Trust now owns 7,387 shares of the company’s stock valued at $848,000 after purchasing an additional 192 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.