Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sets New 12-Month High – Still a Buy?

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $109.91 and last traded at $109.89, with a volume of 18420 shares trading hands. The stock had previously closed at $108.99.

Invesco S&P MidCap Quality ETF Stock Down 0.7%

The firm has a market capitalization of $5.21 billion, a PE ratio of 16.29 and a beta of 1.03. The company’s 50-day simple moving average is $105.42 and its 200 day simple moving average is $104.81.

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

A number of large investors have recently made changes to their positions in XMHQ. Atlantic Union Bankshares Corp grew its position in Invesco S&P MidCap Quality ETF by 13.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 225,703 shares of the company’s stock worth $23,690,000 after purchasing an additional 26,165 shares during the last quarter. Equitable Trust Co. purchased a new stake in shares of Invesco S&P MidCap Quality ETF during the third quarter valued at $9,283,000. Ethos Capital Management Inc. acquired a new position in shares of Invesco S&P MidCap Quality ETF in the 4th quarter valued at $1,156,000. Jones Financial Companies Lllp raised its stake in Invesco S&P MidCap Quality ETF by 17.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 706,521 shares of the company’s stock worth $74,248,000 after acquiring an additional 102,731 shares during the last quarter. Finally, NBZ Investment Advisors LLC lifted its position in Invesco S&P MidCap Quality ETF by 11.6% during the 3rd quarter. NBZ Investment Advisors LLC now owns 111,767 shares of the company’s stock worth $11,731,000 after acquiring an additional 11,642 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.