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

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares reached a new 52-week high on Tuesday . The stock traded as high as $152.42 and last traded at $151.95, with a volume of 322683 shares trading hands. The stock had previously closed at $150.05.

Invesco S&P MidCap Momentum ETF Stock Up 1.3%

The firm has a market cap of $5.66 billion, a P/E ratio of 22.06 and a beta of 1.05. The stock’s 50-day moving average is $143.70 and its 200-day moving average is $138.15.

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

Hedge funds have recently made changes to their positions in the stock. Capstone Wealth Management Group LLC grew its position in Invesco S&P MidCap Momentum ETF by 148.4% during the first quarter. Capstone Wealth Management Group LLC now owns 28,228 shares of the company’s stock worth $3,211,000 after buying an additional 16,865 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Invesco S&P MidCap Momentum ETF by 17.4% in 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 during the period. World Investment Advisors grew its holdings in shares of Invesco S&P MidCap Momentum ETF by 1.7% during the 2nd quarter. World Investment Advisors now owns 4,627 shares of the company’s stock worth $595,000 after purchasing an additional 79 shares in the last quarter. Atria Investments Inc increased its position in shares of Invesco S&P MidCap Momentum ETF by 71.5% during the second quarter. Atria Investments Inc now owns 27,574 shares of the company’s stock valued at $3,547,000 after purchasing an additional 11,495 shares during the period. Finally, IFG Advisory LLC raised its stake in shares of Invesco S&P MidCap Momentum ETF by 69.4% in the second quarter. IFG Advisory LLC now owns 3,141 shares of the company’s stock valued at $404,000 after purchasing an additional 1,287 shares in 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.