Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Hits New 52-Week High – Should You Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) reached a new 52-week high during trading on Wednesday . The company traded as high as $129.05 and last traded at $128.69, with a volume of 24189 shares. The stock had previously closed at $124.16.

Invesco S&P MidCap Momentum ETF Price Performance

The stock has a market capitalization of $2.54 billion, a PE ratio of 19.24 and a beta of 1.12. The business has a 50 day moving average price of $119.60 and a 200 day moving average price of $116.22.

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

A number of institutional investors have recently modified their holdings of XMMO. Newbridge Financial Services Group Inc. purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the second quarter valued at $26,000. Glass Jacobson Investment Advisors llc purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the second quarter valued at $26,000. Concourse Financial Group Securities Inc. boosted its position in shares of Invesco S&P MidCap Momentum ETF by 114.2% during the second quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 129 shares during the last quarter. Pineridge Advisors LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF during the first quarter valued at $34,000. Finally, NBC Securities Inc. boosted its position in shares of Invesco S&P MidCap Momentum ETF by 83.7% during the third quarter. NBC Securities Inc. now owns 461 shares of the company’s stock valued at $55,000 after buying an additional 210 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.