Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Hits New 12-Month High – Here’s What Happened

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $132.49 and last traded at $132.43, with a volume of 420050 shares traded. The stock had previously closed at $130.00.

Invesco S&P MidCap Momentum ETF Trading Up 1.6 %

The business has a 50-day moving average price of $123.68 and a 200-day moving average price of $117.94. The firm has a market cap of $2.63 billion, a P/E ratio of 19.24 and a beta of 1.12.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Park Avenue Securities LLC lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 2.6% during the 3rd quarter. Park Avenue Securities LLC now owns 4,111 shares of the company’s stock worth $495,000 after purchasing an additional 103 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 2.5% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 4,531 shares of the company’s stock worth $516,000 after purchasing an additional 110 shares during the last quarter. Atria Investments Inc lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 0.9% during the 3rd quarter. Atria Investments Inc now owns 13,115 shares of the company’s stock worth $1,578,000 after purchasing an additional 122 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 0.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 35,537 shares of the company’s stock worth $4,276,000 after purchasing an additional 126 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 114.2% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock worth $28,000 after purchasing an additional 129 shares during the last quarter.

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.