Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sets New 12-Month High – Should You Buy?

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $119.38 and last traded at $119.09, with a volume of 6197 shares traded. The stock had previously closed at $118.79.

Invesco S&P MidCap Quality ETF Price Performance

The firm has a market capitalization of $5.68 billion, a PE ratio of 16.29 and a beta of 0.97. The firm has a fifty day moving average price of $112.93 and a 200 day moving average price of $108.94.

Institutional Trading of Invesco S&P MidCap Quality ETF

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

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.