Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Hits New 12-Month High – What’s Next?

Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $119.99 and last traded at $119.91, with a volume of 19195 shares trading hands. The stock had previously closed at $118.56.

Invesco S&P MidCap Quality ETF Price Performance

The business has a 50 day moving average price of $114.73 and a 200 day moving average price of $109.81. The firm has a market capitalization of $5.68 billion, a P/E ratio of 16.29 and a beta of 0.97.

Institutional Trading of Invesco S&P MidCap Quality ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PCG Wealth Advisors LLC lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 12.5% during the fourth quarter. PCG Wealth Advisors LLC now owns 58,166 shares of the company’s stock worth $5,957,000 after buying an additional 6,478 shares during the last quarter. Wealth Advisory Team LLC acquired a new stake in shares of Invesco S&P MidCap Quality ETF in the fourth quarter worth $3,405,000. Liberty Square Wealth Partners LLC grew its stake in shares of Invesco S&P MidCap Quality ETF by 35.6% in the fourth quarter. Liberty Square Wealth Partners LLC now owns 82,514 shares of the company’s stock worth $8,451,000 after acquiring an additional 21,653 shares during the last quarter. Financial Partners Group Inc increased its position in Invesco S&P MidCap Quality ETF by 28.3% during the fourth quarter. Financial Partners Group Inc now owns 45,024 shares of the company’s stock worth $4,793,000 after acquiring an additional 9,924 shares during the period. Finally, Straightline Group LLC increased its position in Invesco S&P MidCap Quality ETF by 3.1% during the fourth quarter. Straightline Group LLC now owns 354,219 shares of the company’s stock worth $38,376,000 after acquiring an additional 10,656 shares during the period.

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.