Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sees Large Volume Increase

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) shares saw unusually-strong trading volume on Tuesday . Approximately 158,166 shares traded hands during trading, an increase of 60% from the previous session’s volume of 99,108 shares.The stock last traded at $80.98 and had previously closed at $81.77.

Invesco S&P MidCap Quality ETF Stock Performance

The firm’s 50-day moving average price is $82.78 and its two-hundred day moving average price is $77.34. The firm has a market cap of $1.10 billion, a PE ratio of 10.13 and a beta of 1.03.

Hedge Funds Weigh In On Invesco S&P MidCap Quality ETF

Several large investors have recently bought and sold shares of the stock. Stifel Financial Corp boosted its holdings in shares of Invesco S&P MidCap Quality ETF by 660.9% in the second quarter. Stifel Financial Corp now owns 1,040,757 shares of the company’s stock valued at $84,002,000 after acquiring an additional 903,980 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Invesco S&P MidCap Quality ETF by 37,286.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 647,160 shares of the company’s stock worth $52,232,000 after purchasing an additional 645,429 shares during the period. Thrivent Financial for Lutherans purchased a new position in Invesco S&P MidCap Quality ETF during the 2nd quarter worth $31,393,000. Confluence Investment Management LLC acquired a new position in Invesco S&P MidCap Quality ETF in the second quarter valued at $27,069,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of Invesco S&P MidCap Quality ETF by 159.6% in the first quarter. Ameriprise Financial Inc. now owns 434,223 shares of the company’s stock valued at $31,860,000 after buying an additional 266,932 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.