Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Reaches New 52-Week High – Here’s Why

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $119.38 and last traded at $119.09, with a volume of 6197 shares trading hands. The stock had previously closed at $118.79.

Invesco S&P MidCap Quality ETF Trading Down 0.2%

The stock has a market capitalization of $5.65 billion, a P/E ratio of 16.29 and a beta of 0.97. The stock’s 50 day simple moving average is $113.23 and its 200 day simple moving average is $109.08.

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

Several large investors have recently modified their holdings of the stock. DORVAL Corp increased its holdings in shares of Invesco S&P MidCap Quality ETF by 20.4% in the 2nd quarter. DORVAL Corp now owns 19,174 shares of the company’s stock valued at $2,164,000 after acquiring an additional 3,251 shares during the last quarter. Donor Advised Charitable Giving Inc. bought a new position in Invesco S&P MidCap Quality ETF during the second quarter worth $244,000. Lighthouse Wealth Management Inc. boosted its holdings in Invesco S&P MidCap Quality ETF by 4.3% in the second quarter. Lighthouse Wealth Management Inc. now owns 61,696 shares of the company’s stock worth $6,964,000 after purchasing an additional 2,525 shares during the period. Pearl Planning LLC boosted its holdings in Invesco S&P MidCap Quality ETF by 1.9% in the second quarter. Pearl Planning LLC now owns 6,907 shares of the company’s stock worth $780,000 after purchasing an additional 127 shares during the period. Finally, Leavell Investment Management Inc. increased its stake in Invesco S&P MidCap Quality ETF by 20.2% during the second quarter. Leavell Investment Management Inc. now owns 9,994 shares of the company’s stock valued at $1,128,000 after purchasing an additional 1,682 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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