Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Reaches New 1-Year High – Here’s What Happened

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)’s share price reached a new 52-week high on Tuesday . The company traded as high as $163.05 and last traded at $162.35, with a volume of 66835 shares changing hands. The stock had previously closed at $160.02.

Invesco S&P MidCap Momentum ETF Trading Down 2.5%

The firm has a market cap of $6.94 billion, a P/E ratio of 22.06 and a beta of 1.09. The business’s fifty day moving average price is $151.24 and its two-hundred day moving average price is $143.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hershey Financial Advisers LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 1st quarter valued at $466,000. Main Street Group LTD raised its holdings in Invesco S&P MidCap Momentum ETF by 64.5% in the 1st quarter. Main Street Group LTD now owns 3,691 shares of the company’s stock worth $535,000 after acquiring an additional 1,447 shares during the period. Bessemer Group Inc. raised its holdings in Invesco S&P MidCap Momentum ETF by 272.2% in the 1st quarter. Bessemer Group Inc. now owns 4,883 shares of the company’s stock worth $708,000 after acquiring an additional 3,571 shares during the period. Independent Financial Group LLC bought a new position in Invesco S&P MidCap Momentum ETF in the 1st quarter worth $2,644,000. Finally, D.A. Davidson & CO. raised its holdings in Invesco S&P MidCap Momentum ETF by 25.3% in the 1st quarter. D.A. Davidson & CO. now owns 2,874 shares of the company’s stock worth $417,000 after acquiring an additional 581 shares during the period.

Invesco S&P MidCap Momentum ETF Company Profile

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.