Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Reaches New 52-Week High – Time to Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO)’s share price reached a new 52-week high on Monday . The stock traded as high as $173.30 and last traded at $172.49, with a volume of 26481 shares trading hands. The stock had previously closed at $171.83.

Invesco S&P MidCap Momentum ETF Price Performance

The stock has a fifty day moving average of $163.92 and a 200 day moving average of $150.75. The stock has a market cap of $7.28 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 bought and sold shares of XMMO. Capstone Wealth Management Group LLC increased its holdings in Invesco S&P MidCap Momentum ETF by 148.4% in the first quarter. Capstone Wealth Management Group LLC now owns 28,228 shares of the company’s stock valued at $3,211,000 after buying an additional 16,865 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 17.4% during the 1st quarter. AQR Capital Management LLC now owns 12,835 shares of the company’s stock worth $1,460,000 after acquiring an additional 1,905 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF during the 2nd quarter valued at about $3,587,000. Raymond James Financial Inc. grew its position in shares of Invesco S&P MidCap Momentum ETF by 5.0% during the 2nd quarter. Raymond James Financial Inc. now owns 667,770 shares of the company’s stock valued at $85,895,000 after acquiring an additional 31,948 shares during the period. Finally, Jupiter Wealth Management LLC purchased a new position in shares of Invesco S&P MidCap Momentum ETF in the 2nd quarter valued at about $2,120,000.

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.