Invesco S&P SmallCap Quality ETF (BATS:XSHQ) Trading Up 23.4% – Should You Buy?

Invesco S&P SmallCap Quality ETF (BATS:XSHQ) shares shot up 23.4% on Thursday . The stock traded as high as $36.40 and last traded at $44.3650. 88,952 shares changed hands during trading, an increase of 20% from the average session volume of 74,389 shares. The stock had previously closed at $35.9450.

Invesco S&P SmallCap Quality ETF Stock Up 23.0%

The firm has a market cap of $350.66 million, a P/E ratio of 14.16 and a beta of 1.00. The business’s 50 day moving average is $42.61 and its two-hundred day moving average is $42.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. DHJJ Financial Advisors Ltd. grew its stake in Invesco S&P SmallCap Quality ETF by 0.4% during the second quarter. DHJJ Financial Advisors Ltd. now owns 71,641 shares of the company’s stock worth $2,918,000 after purchasing an additional 259 shares during the period. Brookstone Capital Management lifted its stake in Invesco S&P SmallCap Quality ETF by 6.0% in the third quarter. Brookstone Capital Management now owns 5,667 shares of the company’s stock valued at $244,000 after buying an additional 320 shares during the period. Royal Bank of Canada boosted its holdings in shares of Invesco S&P SmallCap Quality ETF by 6.3% during the 1st quarter. Royal Bank of Canada now owns 8,519 shares of the company’s stock worth $337,000 after buying an additional 506 shares in the last quarter. Kingsview Wealth Management LLC grew its position in shares of Invesco S&P SmallCap Quality ETF by 10.3% during the 2nd quarter. Kingsview Wealth Management LLC now owns 6,203 shares of the company’s stock worth $253,000 after buying an additional 580 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in shares of Invesco S&P SmallCap Quality ETF by 40.8% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,285 shares of the company’s stock worth $93,000 after buying an additional 662 shares during the period.

About Invesco S&P SmallCap Quality ETF

The Invesco S&P SmallCap Quality ETF (XSHQ) is an exchange-traded fund that is based on the S&P SmallCap 600 Quality index. The fund tracks an index of US small-cap stocks selected by return-on-equity, accruals ratio, and financial leverage. Stocks are weighted by these quality factors and scaled by market-cap. XSHQ was launched on Apr 6, 2017 and is managed by Invesco.