Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Hits New 52-Week High – Here’s What Happened

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $113.30 and last traded at $113.29, with a volume of 85407 shares traded. The stock had previously closed at $112.88.

Invesco S&P MidCap Quality ETF Stock Performance

The firm has a market cap of $5.48 billion, a price-to-earnings ratio of 16.29 and a beta of 0.98. The business’s 50-day moving average is $109.63 and its 200-day moving average is $107.11.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in Invesco S&P MidCap Quality ETF by 93.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 302 shares of the company’s stock worth $31,000 after acquiring an additional 146 shares during the last quarter. SHP Wealth Management bought a new stake in Invesco S&P MidCap Quality ETF in the fourth quarter valued at approximately $33,000. Optima Capital LLC acquired a new stake in Invesco S&P MidCap Quality ETF in the fourth quarter worth $37,000. Qube Research & Technologies Ltd acquired a new stake in Invesco S&P MidCap Quality ETF in the second quarter worth $44,000. Finally, Russell Investments Group Ltd. raised its holdings in Invesco S&P MidCap Quality ETF by 1,420.7% in the third quarter. Russell Investments Group Ltd. now owns 441 shares of the company’s stock worth $46,000 after purchasing an additional 412 shares during the period.

Invesco S&P MidCap Quality ETF Company Profile

(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.

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