When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
IMCG - XMMO: This Mid-Cap Momentum ETF Is Surging But Expect A Bumpy Ride Ahead
iShares Morningstar Mid-Cap Growth ETF
2024-02-20 04:44:35 ET
Summary
XMMO tracks the S&P MidCap 400 Momentum Index and has shown strong performance recently, powered by an 182% YTD gain in Super Micro Computer stock.
However, a ten-year lookback reveals more mediocre results. The Momentum Index's monthly win rate over the S&P MidCap 400 Index was just 61/120.
Still, the data indicates it's likely superior to its benchmark. But readers shouldn't ignore ETFs focused on value, growth, and quality, either. This article highlights the performance of 33 peers.
I've rated XMMO a hold and suggest readers wait until SMCI moves to the S&P 500 Index. Depending on the timing, it could exit XMMO as early as March or September.