Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Reaches New 52-Week High – What’s Next?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)’s share price reached a new 52-week high on Monday . The stock traded as high as $173.30 and last traded at $172.49, with a volume of 26481 shares traded. The stock had previously closed at $171.83.

Invesco S&P MidCap Momentum ETF Price Performance

The stock has a 50 day moving average price of $164.59 and a 200-day moving average price of $151.24. The stock has a market capitalization of $7.16 billion, a P/E ratio of 22.06 and a beta of 1.08.

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

Institutional investors have recently bought and sold shares of the stock. Optima Capital LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter valued at approximately $26,000. Realta Investment Advisors purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter worth $28,000. Wilmington Savings Fund Society FSB bought a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $28,000. AlphaCore Capital LLC bought a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $34,000. Finally, Park Square Financial Group LLC bought a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter valued at $36,000.

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.