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 during trading on Monday . The stock traded as high as $114.93 and last traded at $114.72, with a volume of 12974 shares traded. The stock had previously closed at $113.59.

Invesco S&P MidCap Quality ETF Stock Up 0.3%

The company has a market cap of $5.42 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97. The firm has a 50 day moving average price of $111.26 and a two-hundred day moving average price of $108.25.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new position in Invesco S&P MidCap Quality ETF during the 2nd quarter worth approximately $29,000. PNC Financial Services Group Inc. boosted its stake in shares of Invesco S&P MidCap Quality ETF by 93.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 302 shares of the company’s stock valued at $31,000 after purchasing an additional 146 shares during the last quarter. SHP Wealth Management acquired a new stake in shares of Invesco S&P MidCap Quality ETF during the fourth quarter worth $33,000. Optima Capital LLC acquired a new stake in shares of Invesco S&P MidCap Quality ETF during the fourth quarter worth $37,000. Finally, Qube Research & Technologies Ltd bought a new position in Invesco S&P MidCap Quality ETF during the second quarter worth $44,000.

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.