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

Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $153.18 and last traded at $153.18, with a volume of 1312 shares trading hands. The stock had previously closed at $147.95.

Invesco S&P MidCap Momentum ETF Stock Up 0.3%

The firm has a market capitalization of $6.21 billion, a P/E ratio of 22.06 and a beta of 1.07. The firm has a 50 day moving average of $146.35 and a 200-day moving average of $140.75.

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

Several institutional investors have recently made changes to their positions in XMMO. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the third quarter valued at approximately $161,994,000. LPL Financial LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 11.4% in the fourth 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 period. Advance Capital Management Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter valued at approximately $27,363,000. HighTower Advisors LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 353.6% in the fourth 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 period. Finally, Great Valley Advisor Group Inc. boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 89.1% in the fourth 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 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.