Invesco S&P MidCap Momentum ETF (XMMO)
Invesco S&P MidCap Momentum ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $147.74, up 0.75% on the session, giving a market capitalisation of $7.59B. Its beta of 1.10 implies it has historically moved more than the broad market.
The Invesco S&P MidCap Momentum ETF (XMMO) is designed to track the S&P Midcap 400 Momentum Index. It commits at least 90% of its total assets to the component securities of this index. The underlying index itself consists of 80 stocks selected from the S&P Midcap 400 Index. These are chosen based on their superior "momentum scores," which quantify each security's upward price movement relative to other eligible companies within the S&P Midcap 400. Both the ETF and its benchmark index are rebalanced and reconstituted twice a year.
Invesco S&P MidCap Momentum ETF is most often compared with the following Financial Services names: