Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sees Strong Trading Volume

Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) saw unusually-high trading volume on Tuesday . Approximately 473,303 shares traded hands during trading, an increase of 126% from the previous session’s volume of 209,221 shares.The stock last traded at $114.68 and had previously closed at $114.01.

Invesco S&P MidCap Momentum ETF Stock Up 0.1 %

The firm’s 50-day moving average is $111.16 and its 200-day moving average is $96.46. The company has a market cap of $2.23 billion, a PE ratio of 19.24 and a beta of 1.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in XMMO. Raymond James & Associates boosted its stake in Invesco S&P MidCap Momentum ETF by 6.6% during the third quarter. Raymond James & Associates now owns 118,928 shares of the company’s stock worth $9,575,000 after acquiring an additional 7,378 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in Invesco S&P MidCap Momentum ETF during the 3rd quarter valued at $314,000. Financial Advocates Investment Management lifted its holdings in shares of Invesco S&P MidCap Momentum ETF by 5.8% during the 3rd quarter. Financial Advocates Investment Management now owns 41,442 shares of the company’s stock valued at $3,337,000 after buying an additional 2,286 shares during the period. Aspire Wealth Management Corp boosted its stake in shares of Invesco S&P MidCap Momentum ETF by 1.8% in the 3rd quarter. Aspire Wealth Management Corp now owns 97,804 shares of the company’s stock worth $7,874,000 after buying an additional 1,734 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in Invesco S&P MidCap Momentum ETF during the third quarter valued at $49,000.

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.