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

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $111.31 and last traded at $110.76, with a volume of 21149 shares changing hands. The stock had previously closed at $109.73.

Invesco S&P MidCap Quality ETF Trading Up 1.7%

The business’s fifty day moving average price is $105.43 and its 200-day moving average price is $104.96. The company has a market capitalization of $5.39 billion, a P/E ratio of 16.29 and a beta of 0.98.

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

Several hedge funds have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its stake in shares of Invesco S&P MidCap Quality ETF by 13.1% during the third quarter. Atlantic Union Bankshares Corp now owns 225,703 shares of the company’s stock worth $23,690,000 after acquiring an additional 26,165 shares in the last quarter. Equitable Trust Co. bought a new stake in shares of Invesco S&P MidCap Quality ETF in the 3rd quarter worth approximately $9,283,000. NBZ Investment Advisors LLC boosted its stake in shares of Invesco S&P MidCap Quality ETF by 11.6% in the 3rd quarter. NBZ Investment Advisors LLC now owns 111,767 shares of the company’s stock valued at $11,731,000 after purchasing an additional 11,642 shares in the last quarter. Ethos Capital Management Inc. purchased a new stake in shares of Invesco S&P MidCap Quality ETF in the 4th quarter valued at $1,156,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Invesco S&P MidCap Quality ETF by 17.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 706,521 shares of the company’s stock valued at $74,248,000 after purchasing an additional 102,731 shares during the last quarter.

Invesco S&P MidCap Quality ETF Company Profile

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.