Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Hits New 1-Year High – Should You Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $150.22 and last traded at $149.61, with a volume of 29912 shares traded. The stock had previously closed at $148.93.

Invesco S&P MidCap Momentum ETF Stock Down 0.7%

The business has a 50-day simple moving average of $143.30 and a two-hundred day simple moving average of $137.78. The stock has a market capitalization of $5.57 billion, a P/E 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 made changes to their positions in XMMO. Clear Creek Financial Management LLC increased its holdings in shares of Invesco S&P MidCap Momentum ETF by 65.3% in the third quarter. Clear Creek Financial Management LLC now owns 10,574 shares of the company’s stock worth $1,430,000 after acquiring an additional 4,178 shares in the last quarter. American Trust bought a new position in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter valued at about $1,062,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the 2nd quarter valued at approximately $5,357,000. AE Wealth Management LLC increased its stake in Invesco S&P MidCap Momentum ETF by 8.6% during the 2nd quarter. AE Wealth Management LLC now owns 21,189 shares of the company’s stock worth $2,726,000 after purchasing an additional 1,682 shares in the last quarter. Finally, Fifth Third Securities Inc. increased its stake in Invesco S&P MidCap Momentum ETF by 12.3% during the 3rd quarter. Fifth Third Securities Inc. now owns 91,761 shares of the company’s stock worth $12,409,000 after purchasing an additional 10,049 shares in the last quarter.

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.