Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Hits New 12-Month High – Here’s Why

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) shares reached a new 52-week high during trading on Monday . The company traded as high as $114.93 and last traded at $114.72, with a volume of 12974 shares trading hands. The stock had previously closed at $113.59.

Invesco S&P MidCap Quality ETF Stock Up 0.6%

The stock has a 50-day simple moving average of $111.57 and a two-hundred day simple moving average of $108.36. The firm has a market cap of $5.47 billion, a PE ratio of 16.29 and a beta of 0.97.

Hedge Funds Weigh In On Invesco S&P MidCap Quality ETF

A number of large investors have recently modified their holdings of XMHQ. DORVAL Corp boosted its stake in Invesco S&P MidCap Quality ETF by 0.7% in the fourth quarter. DORVAL Corp now owns 13,612 shares of the company’s stock worth $1,394,000 after buying an additional 98 shares in the last quarter. Waverly Advisors LLC raised its stake in shares of Invesco S&P MidCap Quality ETF by 0.4% during the first quarter. Waverly Advisors LLC now owns 27,762 shares of the company’s stock worth $2,870,000 after acquiring an additional 99 shares in the last quarter. Pacific Sun Financial Corp lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 1.1% in the 3rd quarter. Pacific Sun Financial Corp now owns 10,541 shares of the company’s stock worth $1,106,000 after acquiring an additional 111 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 1.1% in the 1st quarter. Centaurus Financial Inc. now owns 11,432 shares of the company’s stock worth $1,182,000 after acquiring an additional 124 shares during the last quarter. Finally, Narus Financial Partners LLC boosted its stake in shares of Invesco S&P MidCap Quality ETF by 3.3% in the 4th quarter. Narus Financial Partners LLC now owns 3,948 shares of the company’s stock valued at $404,000 after purchasing an additional 126 shares in the last quarter.

About Invesco S&P MidCap Quality ETF

The Invesco S&P MidCap Quality ETF (XMHQ) is an exchange-traded fund that is based on the S&P MidCap 400 Quality index. The fund tracks the S&P mid-cap 400 Quality Index, which screens stocks based on fundamental factors and weights them using a multi-factor approach. XMHQ was launched on Dec 1, 2006 and is managed by Invesco.