Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sets New 52-Week High – Should You Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares hit a new 52-week high during trading on Monday . The company traded as high as $173.24 and last traded at $171.91, with a volume of 34155 shares traded. The stock had previously closed at $169.68.

Invesco S&P MidCap Momentum ETF Stock Performance

The business has a 50-day moving average price of $161.71 and a 200 day moving average price of $149.59. The stock has a market capitalization of $7.24 billion, a P/E ratio of 22.06 and a beta of 1.08.

Hedge Funds Weigh In On Invesco S&P MidCap Momentum ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Optima Capital LLC bought a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at approximately $26,000. Realta Investment Advisors bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $28,000. Wilmington Savings Fund Society FSB bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $28,000. AlphaCore Capital LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $34,000. Finally, Park Square Financial Group LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $36,000.

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.