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

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) reached a new 52-week high on Tuesday . The company traded as high as $157.12 and last traded at $156.94, with a volume of 359432 shares. The stock had previously closed at $155.65.

Invesco S&P MidCap Momentum ETF Stock Performance

The stock has a market cap of $6.33 billion, a PE ratio of 22.06 and a beta of 1.08. The stock has a fifty day simple moving average of $147.59 and a two-hundred day simple moving average of $141.43.

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

A number of institutional investors and hedge funds have recently bought and sold shares of XMMO. Vantagepoint Investment Advisers LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the 3rd quarter worth approximately $161,994,000. LPL Financial LLC boosted its position in Invesco S&P MidCap Momentum ETF by 11.4% in the 4th quarter. LPL Financial LLC now owns 3,472,670 shares of the company’s stock valued at $480,826,000 after buying an additional 355,614 shares during the last quarter. Advance Capital Management Inc. purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter valued at about $27,363,000. HighTower Advisors LLC boosted its position in 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 buying an additional 196,188 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its position in Invesco S&P MidCap Momentum ETF by 89.1% in the 4th quarter. Great Valley Advisor Group Inc. now owns 399,276 shares of the company’s stock valued at $55,284,000 after buying an additional 188,111 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.