Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Hits New 12-Month High – Should You Buy?

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $109.47 and last traded at $108.8610, with a volume of 316953 shares changing hands. The stock had previously closed at $107.04.

Invesco S&P MidCap Quality ETF Stock Performance

The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 16.29 and a beta of 1.04. The company has a fifty day simple moving average of $103.71 and a two-hundred day simple moving average of $103.49.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Westfuller Advisors LLC grew its stake in Invesco S&P MidCap Quality ETF by 6.1% in the fourth quarter. Westfuller Advisors LLC now owns 15,309 shares of the company’s stock worth $1,568,000 after purchasing an additional 882 shares in the last quarter. Hunter Associates Investment Management LLC lifted its holdings in Invesco S&P MidCap Quality ETF by 7.1% during the 4th quarter. Hunter Associates Investment Management LLC now owns 160,795 shares of the company’s stock worth $16,460,000 after buying an additional 10,637 shares during the last quarter. Ethos Capital Management Inc. acquired a new position in shares of Invesco S&P MidCap Quality ETF in the 4th quarter worth approximately $1,156,000. Sowell Financial Services LLC grew its position in shares of Invesco S&P MidCap Quality ETF by 4.1% in the 4th quarter. Sowell Financial Services LLC now owns 119,044 shares of the company’s stock worth $12,192,000 after acquiring an additional 4,662 shares in the last quarter. Finally, Trust Co. of Toledo NA OH increased its holdings in shares of Invesco S&P MidCap Quality ETF by 3.6% in the 4th quarter. Trust Co. of Toledo NA OH now owns 181,072 shares of the company’s stock valued at $18,545,000 after acquiring an additional 6,279 shares during the last quarter.

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.