Invesco S&P SmallCap Quality ETF (BATS:XSHQ) Trading Up 0.5% – Still a Buy?

Shares of Invesco S&P SmallCap Quality ETF (BATS:XSHQ) shot up 0.5% during trading on Tuesday . The stock traded as high as $48.03 and last traded at $47.98. Approximately 12,512 shares were traded during trading, a decline of 56% from the average session volume of 28,606 shares. The stock had previously closed at $47.74.

Invesco S&P SmallCap Quality ETF Trading Up 0.5%

The firm has a market capitalization of $380.48 million, a P/E ratio of 14.16 and a beta of 1.00. The business’s 50 day simple moving average is $46.67 and its two-hundred day simple moving average is $44.83.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Invesco S&P SmallCap Quality ETF by 6.3% during the first quarter. Royal Bank of Canada now owns 8,519 shares of the company’s stock valued at $337,000 after acquiring an additional 506 shares in the last quarter. NewEdge Advisors LLC lifted its position in Invesco S&P SmallCap Quality ETF by 25.6% in the 1st quarter. NewEdge Advisors LLC now owns 20,027 shares of the company’s stock valued at $791,000 after acquiring an additional 4,076 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Invesco S&P SmallCap Quality ETF during the 1st quarter valued at $1,031,000. Jane Street Group LLC purchased a new stake in Invesco S&P SmallCap Quality ETF during the 1st quarter valued at $295,000. Finally, BNP Paribas Financial Markets purchased a new stake in Invesco S&P SmallCap Quality ETF during the 2nd quarter valued at $815,000.

About Invesco S&P SmallCap Quality ETF

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.