Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) shares were down 1.2% during mid-day trading on Wednesday . The company traded as low as $70.50 and last traded at $70.56. Approximately 11,573 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 33,884 shares. The stock had previously closed at $71.41.
The company’s 50-day moving average is $66.77 and its 200-day moving average is $59.09.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in XMHQ. Envestnet Asset Management Inc. purchased a new position in Invesco S&P MidCap Quality ETF in the third quarter worth approximately $251,000. Flagship Harbor Advisors LLC increased its position in shares of Invesco S&P MidCap Quality ETF by 53.6% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 814 shares of the company’s stock worth $44,000 after purchasing an additional 284 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new stake in Invesco S&P MidCap Quality ETF in the 3rd quarter valued at about $204,000. PFG Advisors purchased a new stake in Invesco S&P MidCap Quality ETF in the 3rd quarter valued at about $397,000. Finally, Avantax Advisory Services Inc. acquired a new position in Invesco S&P MidCap Quality ETF in the third quarter valued at about $830,000.
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