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

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) shares saw strong trading volume on Monday . 994,676 shares changed hands during mid-day 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 Trading Up 1.5 %

The stock has a market capitalization of $2.67 billion, a P/E ratio of 19.24 and a beta of 1.12. The business has a 50-day moving average price of $123.68 and a two-hundred day moving average price of $118.00.

Hedge Funds Weigh In On Invesco S&P MidCap Momentum ETF

Several large investors have recently bought and sold shares of XMMO. BOKF NA bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the first quarter worth $65,000. Oxford Wealth Group LLC acquired a new position in shares of Invesco S&P MidCap Momentum ETF in the first quarter worth approximately $18,376,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the 1st quarter valued at $1,775,000. Pineridge Advisors LLC acquired a new position in shares of Invesco S&P MidCap Momentum ETF during the 1st quarter valued at $34,000. Finally, Independent Wealth Network Inc. boosted its stake in Invesco S&P MidCap Momentum ETF by 11.3% during the first quarter. Independent Wealth Network Inc. now owns 2,551 shares of the company’s stock worth $293,000 after acquiring an additional 259 shares in the last quarter.

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.