Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sets New 12-Month High – Time to Buy?

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) hit a new 52-week high on Monday . The company traded as high as $139.34 and last traded at $138.8340, with a volume of 24927 shares. The stock had previously closed at $138.57.

Invesco S&P MidCap Momentum ETF Price Performance

The firm has a market capitalization of $4.84 billion, a P/E ratio of 22.06 and a beta of 1.05. The stock has a fifty day moving average of $135.67 and a 200 day moving average of $131.73.

Institutional Trading of Invesco S&P MidCap Momentum ETF

A number of large investors have recently bought and sold shares of the company. First Financial Corp IN purchased a new stake in Invesco S&P MidCap Momentum ETF during the 3rd quarter worth about $25,000. GoalVest Advisory LLC purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at $29,000. Golden State Wealth Management LLC bought a new position in shares of Invesco S&P MidCap Momentum ETF during the second quarter valued at about $28,000. Briaud Financial Planning Inc purchased a new position in Invesco S&P MidCap Momentum ETF in the 2nd quarter worth approximately $29,000. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at $43,000.

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.