Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $119.38 and last traded at $119.09, with a volume of 6197 shares. The stock had previously closed at $118.79.
Invesco S&P MidCap Quality ETF Trading Up 0.8%
The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97. The firm has a 50-day moving average of $112.93 and a 200 day moving average of $108.94.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley increased its holdings 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 valued at $247,142,000 after purchasing an additional 252,612 shares during the period. Ameriprise Financial Inc. lifted its holdings in Invesco S&P MidCap Quality ETF by 6.1% in the second quarter. Ameriprise Financial Inc. now owns 1,450,044 shares of the company’s stock worth $142,446,000 after purchasing an additional 83,853 shares during the period. Cetera Investment Advisers grew its position in Invesco S&P MidCap Quality ETF by 7.3% in the 1st quarter. Cetera Investment Advisers now owns 1,402,483 shares of the company’s stock valued at $144,975,000 after buying an additional 95,372 shares in the last quarter. Bank of America Corp DE grew its position in Invesco S&P MidCap Quality ETF by 2.1% in the 1st quarter. Bank of America Corp DE now owns 657,026 shares of the company’s stock valued at $67,917,000 after buying an additional 13,566 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Invesco S&P MidCap Quality ETF by 8.2% in the 4th quarter. Wells Fargo & Company MN now owns 563,133 shares of the company’s stock valued at $57,676,000 after buying an additional 42,658 shares in 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.
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