Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Reaches New 1-Year High – What’s Next?

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $111.31 and last traded at $110.76, with a volume of 21149 shares. The stock had previously closed at $109.73.

Invesco S&P MidCap Quality ETF Stock Up 0.0%

The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 16.29 and a beta of 0.98. The stock has a 50 day simple moving average of $105.58 and a 200 day simple moving average of $105.06.

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

A number of hedge funds have recently added to or reduced their stakes in XMHQ. Pacific Sun Financial Corp lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 4.6% in the first quarter. Pacific Sun Financial Corp now owns 11,454 shares of the company’s stock valued at $1,184,000 after purchasing an additional 507 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Invesco S&P MidCap Quality ETF by 45.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 439 shares of the company’s stock valued at $45,000 after buying an additional 137 shares during the last quarter. Liberty Square Wealth Partners LLC lifted its stake in Invesco S&P MidCap Quality ETF by 11.7% during the 1st quarter. Liberty Square Wealth Partners LLC now owns 92,178 shares of the company’s stock valued at $9,528,000 after acquiring an additional 9,664 shares in the last quarter. Spartan Wealth Advisory Services LLC bought a new position in Invesco S&P MidCap Quality ETF during the 1st quarter valued at $276,000. Finally, Simon Quick Advisors LLC purchased a new position in Invesco S&P MidCap Quality ETF during the 1st quarter worth $392,000.

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.