XMMO: This Mid-Cap Momentum ETF Is Surging, But Expect A Bumpy Ride Ahead
Isogawyi/Moment via Getty Images Investment Thesis The success of the Invesco S&P MidCap Momentum ETF (NYSEARCA:XMMO) since its Index change on June 21, 2019, strongly indicates the momentum factor has value when applied to S&P MidCap 400 Index stocks. However, it’s essential to understand things were once rocky for this ETF, which is up 17.41%…
