Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sets New 52-Week High – Time to Buy?

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ – Get Free Report)’s stock price reached a new 52-week high during trading on Monday. The company traded as high as $120.26 and last traded at $120.2110, with a volume of 44,804 shares. The stock had previously closed at $117.79.

Invesco S&P MidCap Quality ETF Stock Performance

The company has a market cap of $5.84 billion, a P/E ratio of 16.29 and a beta of 0.98. The business has a fifty day simple moving average of $115.50 and a 200 day simple moving average of $111.09.

Institutional Investors Weigh In On Invesco S&P MidCap Quality ETF

Several institutional investors and hedge funds have recently made changes to their positions in XMHQ. Ashton Thomas Private Wealth LLC grew its holdings in Invesco S&P MidCap Quality ETF by 121.1% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 65,993 shares of the company’s stock worth $7,368,000 after buying an additional 36,147 shares in the last quarter. Heritage Family Offices LLP acquired a new stake in Invesco S&P MidCap Quality ETF in the 3rd quarter valued at approximately $27,000. Kestra Advisory Services LLC raised its stake in Invesco S&P MidCap Quality ETF by 8.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 207,864 shares of the company’s stock valued at $23,208,000 after acquiring an additional 16,333 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Invesco S&P MidCap Quality ETF by 3.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 984,850 shares of the company’s stock valued at $109,959,000 after acquiring an additional 36,774 shares in the last quarter. Finally, Bfsg LLC raised its stake in Invesco S&P MidCap Quality ETF by 2.3% during the 3rd quarter. Bfsg LLC now owns 40,163 shares of the company’s stock valued at $4,484,000 after acquiring an additional 920 shares in the last quarter.

About Invesco S&P MidCap Quality ETF

(Get Free Report)

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.

Further Reading

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