Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Hits New 52-Week High – Time to Buy?

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ – Get Free Report) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $120.26 and last traded at $120.2110, with a volume of 44,804 shares traded. The stock had previously closed at $117.79.

Invesco S&P MidCap Quality ETF Trading Up 2.1%

The company has a market capitalization of $5.79 billion, a P/E ratio of 16.29 and a beta of 0.98. The firm has a fifty day moving average of $115.46 and a 200 day moving average of $110.96.

Institutional Trading of Invesco S&P MidCap Quality ETF

Several large investors have recently added to or reduced their stakes in the business. Waverly Advisors LLC raised its holdings in Invesco S&P MidCap Quality ETF by 1,592.6% in the 2nd quarter. Waverly Advisors LLC now owns 469,902 shares of the company’s stock worth $53,043,000 after purchasing an additional 442,140 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Invesco S&P MidCap Quality ETF by 2,705.6% in the second quarter. Integrated Wealth Concepts LLC now owns 99,569 shares of the company’s stock worth $11,239,000 after purchasing an additional 96,020 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Invesco S&P MidCap Quality ETF by 7.3% during the 1st quarter. Cetera Investment Advisers now owns 1,402,483 shares of the company’s stock valued at $144,975,000 after purchasing an additional 95,372 shares during the period. Verdence Capital Advisors LLC purchased a new stake in Invesco S&P MidCap Quality ETF in the 3rd quarter worth $7,020,000. Finally, Sax Wealth Advisors LLC raised its holdings in Invesco S&P MidCap Quality ETF by 20.2% during the third quarter. Sax Wealth Advisors LLC now owns 224,293 shares of the company’s stock valued at $25,042,000 after acquiring an additional 37,674 shares during the period.

About Invesco S&P MidCap Quality ETF

(Get Free Report)

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.

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