Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sees Unusually-High Trading Volume – Still a Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMOGet Free Report) saw unusually-strong trading volume on Monday . Approximately 574,330 shares traded hands during mid-day trading, an increase of 98% from the previous session’s volume of 289,587 shares.The stock last traded at $141.2750 and had previously closed at $141.32.

Invesco S&P MidCap Momentum ETF Stock Performance

The company has a market capitalization of $5.22 billion, a PE ratio of 22.06 and a beta of 1.05. The firm’s 50-day simple moving average is $137.95 and its 200 day simple moving average is $134.42.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors lifted its position in shares of Invesco S&P MidCap Momentum ETF by 1.7% during the 2nd quarter. World Investment Advisors now owns 4,627 shares of the company’s stock valued at $595,000 after acquiring an additional 79 shares during the period. Crescent Sterling Ltd. increased its stake in Invesco S&P MidCap Momentum ETF by 4.4% in the 4th quarter. Crescent Sterling Ltd. now owns 2,233 shares of the company’s stock valued at $309,000 after purchasing an additional 95 shares in the last quarter. Advisory Services Network LLC raised its holdings in Invesco S&P MidCap Momentum ETF by 2.4% during the third quarter. Advisory Services Network LLC now owns 4,004 shares of the company’s stock worth $541,000 after purchasing an additional 95 shares during the last quarter. Tactive Advisors LLC raised its holdings in Invesco S&P MidCap Momentum ETF by 1.2% during the fourth quarter. Tactive Advisors LLC now owns 8,474 shares of the company’s stock worth $1,173,000 after purchasing an additional 98 shares during the last quarter. Finally, Good Life Advisors LLC boosted its position in Invesco S&P MidCap Momentum ETF by 4.7% during the second quarter. Good Life Advisors LLC now owns 2,324 shares of the company’s stock worth $299,000 after purchasing an additional 105 shares in the last quarter.

Invesco S&P MidCap Momentum ETF Company Profile

(Get Free Report)

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.

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