Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Reaches New 1-Year High – Should You Buy?

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQGet Free Report) shares hit 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 changing hands. The stock had previously closed at $113.59.

Invesco S&P MidCap Quality ETF Stock Performance

The company has a market cap of $5.42 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97. The company has a fifty day moving average of $111.26 and a two-hundred day moving average of $108.25.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Hunter Associates Investment Management LLC increased its position in Invesco S&P MidCap Quality ETF by 7.1% in the 4th quarter. Hunter Associates Investment Management LLC now owns 160,795 shares of the company’s stock valued at $16,460,000 after acquiring an additional 10,637 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 1,182.6% during the third quarter. JPMorgan Chase & Co. now owns 6,849 shares of the company’s stock worth $719,000 after purchasing an additional 6,315 shares during the period. Financial Partners Group Inc lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 28.3% during the fourth quarter. Financial Partners Group Inc now owns 45,024 shares of the company’s stock worth $4,793,000 after purchasing an additional 9,924 shares during the period. Wealth Advisory Team LLC bought a new stake in shares of Invesco S&P MidCap Quality ETF in the fourth quarter worth $3,405,000. Finally, Liberty Square Wealth Partners LLC grew its stake in shares of Invesco S&P MidCap Quality ETF by 35.6% in the fourth quarter. Liberty Square Wealth Partners LLC now owns 82,514 shares of the company’s stock worth $8,451,000 after purchasing an additional 21,653 shares during the last quarter.

Invesco S&P MidCap Quality ETF Company Profile

(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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