Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Hits New 1-Year High – Time to Buy?

by · The Markets Daily

Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ – Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $115.72 and last traded at $115.67, with a volume of 14040 shares traded. The stock had previously closed at $114.92.

Invesco S&P MidCap Quality ETF Stock Up 0.9%

The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97. The business’s 50-day simple moving average is $111.98 and its two-hundred day simple moving average is $108.52.

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

Hedge funds have recently made changes to their positions in the stock. Morgan Stanley increased its holdings in Invesco S&P MidCap Quality ETF by 11.7% in the 4th quarter. Morgan Stanley now owns 2,413,021 shares of the company’s stock valued at $247,142,000 after purchasing an additional 252,612 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Invesco S&P MidCap Quality ETF by 6.1% during the second quarter. Ameriprise Financial Inc. now owns 1,450,044 shares of the company’s stock worth $142,446,000 after purchasing an additional 83,853 shares in the last quarter. Cetera Investment Advisers lifted its stake in Invesco S&P MidCap Quality ETF by 7.3% during the first quarter. Cetera Investment Advisers now owns 1,402,483 shares of the company’s stock worth $144,975,000 after purchasing an additional 95,372 shares in the last quarter. Bank of America Corp DE lifted its stake in Invesco S&P MidCap Quality ETF by 2.1% during the first quarter. Bank of America Corp DE now owns 657,026 shares of the company’s stock worth $67,917,000 after purchasing an additional 13,566 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Invesco S&P MidCap Quality ETF by 8.2% during the fourth quarter. Wells Fargo & Company MN now owns 563,133 shares of the company’s stock worth $57,676,000 after buying an additional 42,658 shares during the period.

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