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

Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) hit a new 52-week high on Friday . The stock traded as high as $145.34 and last traded at $144.9420, with a volume of 42476 shares trading hands. The stock had previously closed at $141.81.

Invesco S&P MidCap Momentum ETF Stock Up 3.4%

The firm’s 50-day simple moving average is $140.77 and its 200 day simple moving average is $136.17. The stock has a market capitalization of $5.46 billion, a P/E ratio of 22.06 and a beta of 1.05.

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

Institutional investors have recently bought and sold shares of the business. Capstone Wealth Management Group LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 148.4% in the 1st 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 raised its position in Invesco S&P MidCap Momentum ETF by 17.4% in the first quarter. AQR Capital Management LLC now owns 12,835 shares of the company’s stock worth $1,460,000 after purchasing an additional 1,905 shares in the last quarter. Clear Creek Financial Management LLC bought a new position in Invesco S&P MidCap Momentum ETF during the second quarter worth about $823,000. Blair William & Co. IL boosted its holdings in Invesco S&P MidCap Momentum ETF by 1,318.8% during the second quarter. Blair William & Co. IL now owns 41,797 shares of the company’s stock valued at $5,376,000 after purchasing an additional 38,851 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the 2nd quarter worth approximately $1,173,000.

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.