Invesco S&P SmallCap Quality ETF (BATS:XSHQ) Trading Up 23.4% – Still a Buy?

Shares of Invesco S&P SmallCap Quality ETF (BATS:XSHQGet Free Report) traded up 23.4% during trading on Thursday . The company traded as high as $36.40 and last traded at $44.3650. 88,952 shares traded hands during trading, an increase of 20% from the average session volume of 74,389 shares. The stock had previously closed at $35.9450.

Invesco S&P SmallCap Quality ETF Price Performance

The stock has a market cap of $351.81 million, a price-to-earnings ratio of 14.16 and a beta of 1.00. The company’s fifty day simple moving average is $42.56 and its two-hundred day simple moving average is $42.57.

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

Hedge funds have recently added to or reduced their stakes in the stock. Brookstone Capital Management purchased a new position in Invesco S&P SmallCap Quality ETF during the 2nd quarter worth $218,000. New York Life Investment Management LLC lifted its position in shares of Invesco S&P SmallCap Quality ETF by 9.2% during the second quarter. New York Life Investment Management LLC now owns 620,881 shares of the company’s stock valued at $25,288,000 after purchasing an additional 52,535 shares in the last quarter. DHJJ Financial Advisors Ltd. lifted its position in shares of Invesco S&P SmallCap Quality ETF by 0.4% during the second quarter. DHJJ Financial Advisors Ltd. now owns 71,641 shares of the company’s stock valued at $2,918,000 after purchasing an additional 259 shares in the last quarter. Foundry Financial Group Inc. boosted its holdings in Invesco S&P SmallCap Quality ETF by 25.7% during the second quarter. Foundry Financial Group Inc. now owns 75,907 shares of the company’s stock worth $3,092,000 after purchasing an additional 15,535 shares during the last quarter. Finally, Consolidated Portfolio Review Corp grew its position in Invesco S&P SmallCap Quality ETF by 13.6% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 13,810 shares of the company’s stock worth $562,000 after purchasing an additional 1,653 shares in the last quarter.

About Invesco S&P SmallCap Quality ETF

(Get Free Report)

The Invesco S&P SmallCap Quality ETF (XSHQ) is an exchange-traded fund that is based on the S&P SmallCap 600 Quality index. The fund tracks an index of US small-cap stocks selected by return-on-equity, accruals ratio, and financial leverage. Stocks are weighted by these quality factors and scaled by market-cap. XSHQ was launched on Apr 6, 2017 and is managed by Invesco.

Further Reading

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