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

Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) hit a new 52-week high on Friday . The stock traded as high as $145.34 and last traded at $144.9420, with a volume of 42476 shares trading hands. The stock had previously closed at $141.81.

Invesco S&P MidCap Momentum ETF Stock Up 2.9%

The stock has a 50 day moving average of $140.63 and a 200 day moving average of $136.01. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 22.06 and a beta of 1.05.

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

Several large investors have recently modified their holdings of XMMO. Vantagepoint Investment Advisers LLC acquired a new position in Invesco S&P MidCap Momentum ETF in the third quarter valued at $161,994,000. Mainstay Capital Management LLC ADV grew its holdings in Invesco S&P MidCap Momentum ETF by 102.3% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 558,008 shares of the company’s stock worth $71,777,000 after acquiring an additional 282,194 shares during the period. Advance Capital Management Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $27,363,000. HighTower Advisors LLC lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 353.6% in the 4th quarter. HighTower Advisors LLC now owns 251,672 shares of the company’s stock valued at $34,847,000 after purchasing an additional 196,188 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P MidCap Momentum ETF by 20.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 851,097 shares of the company’s stock valued at $115,094,000 after purchasing an additional 143,657 shares during the period.

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.