Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Reaches New 52-Week High – Here’s Why

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $115.72 and last traded at $115.67, with a volume of 14040 shares trading hands. The stock had previously closed at $114.92.

Invesco S&P MidCap Quality ETF Price Performance

The firm’s 50 day moving average price is $112.31 and its two-hundred day moving average price is $108.66. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its stake in shares of Invesco S&P MidCap Quality ETF by 11.7% during the fourth quarter. Morgan Stanley now owns 2,413,021 shares of the company’s stock worth $247,142,000 after purchasing an additional 252,612 shares during the last quarter. Equitable Trust Co. grew its position in Invesco S&P MidCap Quality ETF by 272.7% in the 4th quarter. Equitable Trust Co. now owns 329,642 shares of the company’s stock valued at $33,762,000 after buying an additional 241,196 shares during the last quarter. Blue Water Asset Management acquired a new position in Invesco S&P MidCap Quality ETF in the 4th quarter valued at $18,981,000. Cetera Investment Advisers increased its stake in Invesco S&P MidCap Quality ETF by 11.6% in the 4th quarter. Cetera Investment Advisers now owns 1,307,111 shares of the company’s stock valued at $133,874,000 after buying an additional 135,380 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Invesco S&P MidCap Quality ETF by 2,937.6% during the 4th quarter. Farther Finance Advisors LLC now owns 139,853 shares of the company’s stock worth $14,324,000 after buying an additional 135,249 shares during the last quarter.

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.