Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sets New 52-Week Low – What’s Next?

Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) hit a new 52-week low during trading on Monday . The company traded as low as $91.09 and last traded at $93.22, with a volume of 499101 shares trading hands. The stock had previously closed at $92.66.

Invesco S&P MidCap Quality ETF Stock Performance

The business’s 50 day moving average is $99.07 and its two-hundred day moving average is $101.28. The firm has a market capitalization of $5.57 billion, a PE ratio of 15.52 and a beta of 1.07.

Institutional Trading of Invesco S&P MidCap Quality ETF

A number of large investors have recently modified their holdings of the business. Benjamin Edwards Inc. raised its holdings in Invesco S&P MidCap Quality ETF by 2,305.0% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,122,759 shares of the company’s stock valued at $115,172,000 after buying an additional 1,076,075 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P MidCap Quality ETF in the 4th quarter worth about $92,638,000. Thrivent Financial for Lutherans boosted its stake in shares of Invesco S&P MidCap Quality ETF by 100.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 948,661 shares of the company’s stock valued at $97,314,000 after purchasing an additional 476,567 shares in the last quarter. LPL Financial LLC increased its position in shares of Invesco S&P MidCap Quality ETF by 7.7% during the fourth quarter. LPL Financial LLC now owns 5,341,244 shares of the company’s stock valued at $525,952,000 after buying an additional 381,123 shares during the period. Finally, HighTower Advisors LLC raised its stake in Invesco S&P MidCap Quality ETF by 93.0% in the third quarter. HighTower Advisors LLC now owns 752,283 shares of the company’s stock worth $77,168,000 after buying an additional 362,451 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.