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 during mid-day trading on Monday . The stock traded as high as $173.24 and last traded at $171.91, with a volume of 34155 shares traded. The stock had previously closed at $169.68.

Invesco S&P MidCap Momentum ETF Trading Down 0.6%

The company’s 50 day moving average is $162.64 and its 200-day moving average is $150.06. The firm has a market capitalization of $7.19 billion, a price-to-earnings ratio of 22.06 and a beta of 1.08.

Institutional Trading of Invesco S&P MidCap Momentum ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Optima Capital LLC bought a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $26,000. Realta Investment Advisors bought a new position in shares of Invesco S&P MidCap Momentum ETF during the fourth quarter worth approximately $28,000. Wilmington Savings Fund Society FSB acquired a new stake in Invesco S&P MidCap Momentum ETF during the 4th quarter worth approximately $28,000. AlphaCore Capital LLC bought a new stake in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at $34,000. Finally, Park Square Financial Group LLC bought a new position in Invesco S&P MidCap Momentum ETF during the 4th quarter worth $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.