Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Reaches New 1-Year High – Should You Buy?

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) shares hit a new 52-week high on Tuesday . The company traded as high as $114.77 and last traded at $114.67, with a volume of 202885 shares changing hands. The stock had previously closed at $113.33.

Invesco S&P MidCap Quality ETF Trading Down 1.2%

The business has a 50-day moving average price of $110.27 and a 200-day moving average price of $107.52. The firm has a market cap of $5.38 billion, a P/E ratio of 16.29 and a beta of 0.97.

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

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Invesco S&P MidCap Quality ETF during the 1st quarter worth about $1,793,000. Cresset Asset Management LLC acquired a new stake in Invesco S&P MidCap Quality ETF in the 2nd quarter valued at $201,000. Qube Research & Technologies Ltd acquired a new stake in Invesco S&P MidCap Quality ETF in the 2nd quarter worth about $44,000. Betterment LLC lifted its holdings in Invesco S&P MidCap Quality ETF by 16.2% in the 2nd quarter. Betterment LLC now owns 2,755 shares of the company’s stock valued at $271,000 after purchasing an additional 385 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Invesco S&P MidCap Quality ETF by 6.1% during the 2nd 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 during the last quarter.

About Invesco S&P MidCap Quality ETF

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.