Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMOGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 811,155 shares were traded during mid-day trading, an increase of 101% from the previous session’s volume of 403,509 shares.The stock last traded at $127.72 and had previously closed at $129.69.

Invesco S&P MidCap Momentum ETF Stock Down 1.5 %

The company has a market capitalization of $2.50 billion, a P/E ratio of 19.24 and a beta of 1.12. The company’s 50-day simple moving average is $128.60 and its 200 day simple moving average is $123.76.

Institutional Trading of Invesco S&P MidCap Momentum ETF

Several large investors have recently made changes to their positions in the stock. Howe & Rusling Inc. acquired a new stake in Invesco S&P MidCap Momentum ETF in the 3rd quarter worth approximately $30,000. Synergy Investment Management LLC acquired a new stake in shares of Invesco S&P MidCap Momentum ETF in the fourth quarter worth $49,000. NBC Securities Inc. boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 83.7% during the 3rd quarter. NBC Securities Inc. now owns 461 shares of the company’s stock worth $55,000 after buying an additional 210 shares during the period. Transcendent Capital Group LLC grew its stake in Invesco S&P MidCap Momentum ETF by 2,689.5% in the 4th quarter. Transcendent Capital Group LLC now owns 530 shares of the company’s stock valued at $65,000 after buying an additional 511 shares during the last quarter. Finally, Richardson Financial Services Inc. bought a new position in Invesco S&P MidCap Momentum ETF in the 4th quarter worth $70,000.

Invesco S&P MidCap Momentum ETF Company Profile

(Get Free Report)

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.

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