Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Reaches New 1-Year High – Still a Buy?

by · The Cerbat Gem

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $124.36 and last traded at $124.28, with a volume of 34259 shares trading hands. The stock had previously closed at $124.09.

Invesco S&P MidCap Momentum ETF Price Performance

The business’s 50-day simple moving average is $117.22 and its two-hundred day simple moving average is $114.95. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 19.24 and a beta of 1.12.

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

Several hedge funds have recently modified their holdings of the company. Park Avenue Securities LLC raised its position in 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 purchasing an additional 103 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of 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 purchasing an additional 110 shares during the period. PFG Advisors raised its stake 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 period. Concourse Financial Group Securities Inc. boosted its holdings in 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 worth $28,000 after acquiring an additional 129 shares in the last quarter. Finally, American Trust grew its stake in 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 acquiring an additional 192 shares during the period.

Invesco S&P MidCap Momentum ETF Company Profile

(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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