Invesco S&P MidCap Momentum ETF
XMMO
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 11 Greenway Plaza, Suite 1000 Houston TX United States of America 77046
- IPO Date
- Mar 3, 2005
- CIK
- 0001209466
- Website
- invesco.com
- Similar Companies
- Business
- Invesco S&P MidCap Momentum ETF (XMMO) is an exchange-traded fund that seeks to track the performance of the S&P MidCap 400 Momentum Index by investing at least 90% of its total assets in the index's component securities, which consist of approximately 80 securities from the S&P MidCap 400 Index selected based on the highest momentum scores derived from upward price movements relative to other eligible mid-cap stocks; the fund is rebalanced and reconstituted semi-annually and is listed on NYSE Arca. XMMO provides investors with targeted exposure to mid-cap companies exhibiting strong momentum characteristics, weighted by market capitalization and momentum, across sectors such as industrials (approximately 30%), information technology (15%), consumer staples (11%), financials (11%), and others including consumer discretionary, utilities, health care, real estate, energy, and materials; top holdings as of September 30, 2025, include Comfort Systems USA (4.60%), Talen Energy (3.58%), Curtiss-Wright (3.34%), US Foods (3.11%), and Twilio (2.81%). The ETF, issued by Invesco and managed under Invesco Capital Management LLC, has a total expense ratio of 0.35%, holds around 79-81 securities with a weighted average market capitalization of $14.3 billion, P/E ratio of 33.56, and P/B ratio of 6.12, and pays quarterly distributions with a 30-day SEC yield of 0.68%. Launched on March 3, 2005, and headquartered in Atlanta, Georgia, as part of Invesco Ltd.'s extensive lineup of over 100 U.S.-listed ETFs, XMMO primarily serves institutional and retail investors seeking mid-cap momentum strategies in the U.S. equity market. The fund operates with a geographic focus overwhelmingly on the United States (97.4% allocation), with minor exposure to Canada (2.6%). In a significant strategic shift effective June 21, 2019, XMMO changed its investment objective, principal investment strategy, and underlying index from the prior Russell Midcap Pure Growth Index (used from June 2011 to May 2015 as RAFI Fundamental Mid Growth Index and earlier as Dynamic Mid Cap Growth Intellidex) to the current S&P MidCap 400 Momentum Index provided by S&P Dow Jones Indices LLC, enhancing its focus on pure momentum selection within the S&P MidCap 400 universe. Recent operational developments include robust asset growth to approximately $4.72 billion under management as of late 2025, driven by strong performance (e.g., 38.58% NAV return in 2024 and 19.91% in 2023), quarterly dividend increases (e.g., $0.2308 ex-date September 22, 2025), and sustained inflows evidenced by institutional accumulations such as Creative Financial Designs Inc. ADV acquiring 8,405 shares and D.A. Davidson & CO. adding 526 shares in recent quarters. No major partnerships, acquisitions, or new product launches specific to XMMO have been reported in the last 1-2 years, though the fund maintains its semi-annual rebalancing amid evolving mid-cap market dynamics.