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

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $143.89 and last traded at $143.6660, with a volume of 9695 shares traded. The stock had previously closed at $141.65.

Invesco S&P MidCap Momentum ETF Trading Down 0.7%

The company has a 50 day moving average of $138.63 and a 200 day moving average of $134.83. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vantagepoint Investment Advisers LLC bought a new stake in Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at $161,994,000. Mainstay Capital Management LLC ADV raised its position in shares of Invesco S&P MidCap Momentum ETF by 102.3% in the second quarter. Mainstay Capital Management LLC ADV now owns 558,008 shares of the company’s stock valued at $71,777,000 after purchasing an additional 282,194 shares during the period. Advance Capital Management Inc. acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter worth about $27,363,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 20.3% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 851,097 shares of the company’s stock worth $115,094,000 after buying an additional 143,657 shares during the period. Finally, Gimbal Financial acquired a new position in Invesco S&P MidCap Momentum ETF in the 2nd quarter valued at about $15,711,000.

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.