Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sees Unusually-High Trading Volume

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares saw unusually-high trading volume on Tuesday . Approximately 656,573 shares traded hands during mid-day trading, an increase of 132% from the previous session’s volume of 283,023 shares.The stock last traded at $118.43 and had previously closed at $117.30.

Invesco S&P MidCap Momentum ETF Trading Up 0.7 %

The firm has a market capitalization of $2.31 billion, a P/E ratio of 19.24 and a beta of 1.12. The business’s fifty day moving average is $114.58 and its 200 day moving average is $108.52.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 45.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 388,880 shares of the company’s stock worth $34,925,000 after acquiring an additional 122,233 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter worth about $32,634,000. Stifel Financial Corp increased its stake in Invesco S&P MidCap Momentum ETF by 17.4% in the 4th quarter. Stifel Financial Corp now owns 201,919 shares of the company’s stock worth $18,138,000 after purchasing an additional 29,870 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Invesco S&P MidCap Momentum ETF by 25.7% during the 1st quarter. Osaic Holdings Inc. now owns 199,563 shares of the company’s stock worth $22,931,000 after buying an additional 40,798 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its stake in Invesco S&P MidCap Momentum ETF by 133.4% during the second quarter. Great Valley Advisor Group Inc. now owns 180,213 shares of the company’s stock valued at $20,542,000 after buying an additional 102,989 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.