XMMO 📈 Invesco S&P MidCap Momentum - Overview

The Invesco S&P MidCap Momentum ETF, listed on NYSE ARCA under the ticker XMMO, is designed to track the performance of the S&P MidCap 400 Momentum Index. This index is specifically crafted to include mid-cap companies that exhibit high momentum characteristics, which are typically defined by their recent price performance and other relevant metrics. By focusing on momentum, the fund aims to capitalize on the growth potential of mid-sized companies that are currently experiencing upward trends in their stock prices.

From a composition standpoint, the fund is mandated to allocate at least 90% of its total assets to securities that are part of the underlying S&P MidCap 400 Momentum Index. This index is a subset of the broader S&P MidCap 400 Index, which includes a wide range of mid-cap companies across various sectors. The momentum index, however, narrows down this universe to only those companies with the highest momentum scores, as determined by the index provider. This approach allows the fund to potentially benefit from the outperformance of these high-momentum stocks, while still maintaining a diversified portfolio.

In terms of its classification, the Invesco S&P MidCap Momentum ETF is categorized as a mid-cap blend ETF. This means it falls into a segment of the market that is characterized by companies with market capitalizations that are generally between those of small-cap and large-cap companies. The blend designation indicates that the fund does not have a specific style bias, such as growth or value, but instead seeks to track the performance of a broad index of mid-cap stocks with high momentum. With an ISIN of US46137V4648, this ETF offers investors a targeted way to gain exposure to the mid-cap segment of the US equity market, with a specific focus on momentum-driven investment strategies.