Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sees Large Volume Increase – Here’s What Happened

Posted by Paula Ricardo on Nov 27th, 2024

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO – Get Free Report) saw strong trading volume on Monday . 994,676 shares were traded 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 Down 1.0 %

The firm has a 50 day moving average of $124.74 and a 200-day moving average of $118.41. The company has a market cap of $2.64 billion, a P/E ratio of 19.24 and a beta of 1.12.

Institutional Investors Weigh In On Invesco S&P MidCap Momentum ETF

Several large investors have recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc bought a new stake in Invesco S&P MidCap Momentum ETF in the second quarter worth $26,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Invesco S&P MidCap Momentum ETF in the 2nd quarter worth about $26,000. Concourse Financial Group Securities Inc. raised its position in shares of Invesco S&P MidCap Momentum ETF by 114.2% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 129 shares in the last quarter. Howe & Rusling Inc. bought a new position in shares of Invesco S&P MidCap Momentum ETF in the 3rd quarter valued at about $30,000. Finally, Larson Financial Group LLC purchased a new position in Invesco S&P MidCap Momentum ETF in the second quarter worth about $53,000.

About Invesco S&P MidCap Momentum ETF

(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.