Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sets New 1-Year High – Here’s What Happened

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $114.77 and last traded at $114.67, with a volume of 202885 shares trading hands. The stock had previously closed at $113.33.

Invesco S&P MidCap Quality ETF Price Performance

The business has a 50 day simple moving average of $109.91 and a 200 day simple moving average of $107.31. The stock has a market cap of $5.50 billion, a PE ratio of 16.29 and a beta of 0.97.

Institutional Investors Weigh In On Invesco S&P MidCap Quality ETF

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Invesco S&P MidCap Quality ETF during the first quarter valued at approximately $1,793,000. Cresset Asset Management LLC acquired a new position in shares of Invesco S&P MidCap Quality ETF during the 2nd quarter worth $201,000. Qube Research & Technologies Ltd acquired a new position in shares of Invesco S&P MidCap Quality ETF during the 2nd quarter worth $44,000. Betterment LLC raised its holdings in shares of Invesco S&P MidCap Quality ETF by 16.2% during the 2nd quarter. Betterment LLC now owns 2,755 shares of the company’s stock valued at $271,000 after purchasing an additional 385 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Invesco S&P MidCap Quality ETF by 6.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,450,044 shares of the company’s stock valued at $142,446,000 after purchasing an additional 83,853 shares in 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.