Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) saw unusually-strong trading volume on Monday . Approximately 994,676 shares were traded during trading, an increase of 208% from the previous session’s volume of 323,124 shares.The stock last traded at $136.93 and had previously closed at $134.35.

Invesco S&P MidCap Momentum ETF Stock Performance

The company has a market cap of $2.64 billion, a PE ratio of 19.24 and a beta of 1.12. The company has a fifty day moving average of $124.74 and a two-hundred day moving average of $118.41.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BOKF NA bought a new position in Invesco S&P MidCap Momentum ETF in the first quarter worth approximately $65,000. Independent Wealth Network Inc. raised its holdings in Invesco S&P MidCap Momentum ETF by 11.3% in the 1st quarter. Independent Wealth Network Inc. now owns 2,551 shares of the company’s stock worth $293,000 after purchasing an additional 259 shares during the period. Atria Investments Inc purchased a new stake in shares of Invesco S&P MidCap Momentum ETF in the first quarter valued at approximately $1,928,000. Cetera Investment Advisers increased its holdings in Invesco S&P MidCap Momentum ETF by 842.6% in the 1st quarter. Cetera Investment Advisers now owns 150,228 shares of the company’s stock worth $17,255,000 after acquiring an additional 134,291 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in Invesco S&P MidCap Momentum ETF during the first quarter worth $1,523,000.

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.