Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) Sees Strong Trading Volume – Here’s Why

Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) saw strong trading volume on Monday . 994,676 shares changed hands 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 Price Performance

The company has a 50 day moving average price of $123.68 and a 200-day moving average price of $118.00. The stock has a market capitalization of $2.67 billion, a PE ratio of 19.24 and a beta of 1.12.

Institutional Trading of Invesco S&P MidCap Momentum ETF

Hedge funds have recently made changes to their positions in the stock. Creative Planning boosted its stake in Invesco S&P MidCap Momentum ETF by 7.4% during the 2nd quarter. Creative Planning now owns 8,077 shares of the company’s stock valued at $921,000 after purchasing an additional 559 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Invesco S&P MidCap Momentum ETF by 5.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,008 shares of the company’s stock worth $1,565,000 after buying an additional 673 shares during the last quarter. First Command Advisory Services Inc. lifted its stake in Invesco S&P MidCap Momentum ETF by 139.8% during the 2nd quarter. First Command Advisory Services Inc. now owns 506 shares of the company’s stock valued at $58,000 after acquiring an additional 295 shares during the period. Fifth Third Securities Inc. boosted its holdings in shares of Invesco S&P MidCap Momentum ETF by 36.9% during the 2nd quarter. Fifth Third Securities Inc. now owns 47,875 shares of the company’s stock valued at $5,457,000 after acquiring an additional 12,915 shares during the last quarter. Finally, First Heartland Consultants Inc. grew its stake in shares of Invesco S&P MidCap Momentum ETF by 105.8% in the second quarter. First Heartland Consultants Inc. now owns 5,474 shares of the company’s stock worth $624,000 after acquiring an additional 2,814 shares during the period.

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.