Summary
XMMO Chart
Capture Midcap Momentum With XMMO's Surprising Sector Tilts
Time and time again, investors will hear advisors and experts tell them how important it is to carefully check what securities a fund holds before adding it to their portfolios. This holds true for any investment strategy — whether it is a simple approach, a complex framework or a targeted play on midcap momentum.
Should Invesco S&P MidCap Momentum ETF (XMMO) Be on Your Investing Radar?
Designed to provide broad exposure to the Mid Cap Growth segment of the US equity market, the Invesco S&P MidCap Momentum ETF (XMMO) is a passively managed exchange traded fund launched on March 3, 2005.
XMMO: AI And Positive Sentiment Drives This Successful Mid-Cap Momentum ETF
Invesco S&P MidCap Momentum ETF (XMMO) maintains a 'buy' rating despite a 31.60x trailing P/E and valuation risks. XMMO has delivered 20.36% YTD and 111.89% total return since June 2019, outperforming mid-cap peers. The fund's performance is driven by AI-related infrastructure and semiconductor stocks, with strong momentum and Wall Street sentiment.
Invesco S&P MidCap Momentum ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 127,717 | $17.46M | $20.4M | $2.94M | 16.86% |
| TMB Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 1,598 | $208,760.16 | $255,240.55 | $46,480.39 | 22.26% |
| TM Tom McDonald Richards, MERRILL & PETERSON Inc. | 1,089 | $134,524 | $174,980.51 | $40,456.51 | 30.07% |
| TC Tyler Chaisson COMPASS CAPITAL Corp. /MA/ /ADV | 1,461 | $201,209.18 | $233,460.49 | $32,251.31 | 16.03% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 10,487 | $1.3M | $1.66M | $358,565.12 | 27.48% |
Invesco S&P MidCap Momentum ETF (XMMO) FAQ
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Invesco S&P MidCap Momentum ETF Profile
| ARCA Exchange | US Country |
Overview
The provided company description outlines a fund that primarily focuses on investing in securities constituting the underlying index, which is meticulously maintained and calculated by the index provider according to its strict guidelines and mandated procedures. This underlying index selectively includes constituents from the S&P MidCap 400® Index, with the selection based on the highest "momentum score." Therefore, this fund is designed to track the performance of mid-cap companies demonstrating strong momentum in their stock prices, offering investors a focused exposure to this particular investment strategy.
Products and Services
- Securities Investment
This service involves the investment of at least 90% of the fund's total assets into securities that are part of the underlying index. By adhering to this strategy, the fund aims to closely mirror the performance of the selected securities, which are chosen based on their momentum score from the S&P MidCap 400® Index, facilitating a targeted investment approach for participants seeking momentum-based growth opportunities.
- Index Tracking and Management
Managed by an index provider operating under strict guidelines and procedures, this service entails the compilation, maintenance, and calculation of the underlying index. The meticulous management of the index ensures that it accurately reflects the performance of its constituents, which are selected for their high momentum scores. This careful governance guarantees that the fund's investment strategy remains aligned with its objective of tracking mid-cap companies with significant momentum in their market performance.
