Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sees Large Volume Increase – Still a Buy?

Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) saw unusually-strong trading volume on Friday . Approximately 519,139 shares changed hands during mid-day trading, an increase of 86% from the previous session’s volume of 279,245 shares.The stock last traded at $99.57 and had previously closed at $98.42.

Invesco S&P MidCap Quality ETF Stock Up 1.3 %

The firm has a 50 day moving average of $103.61 and a 200-day moving average of $101.17. The firm has a market capitalization of $4.47 billion, a P/E ratio of 16.29 and a beta of 1.15.

Institutional Trading of Invesco S&P MidCap Quality ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. NBC Securities Inc. bought a new position in shares of Invesco S&P MidCap Quality ETF in the third quarter worth approximately $31,000. International Assets Investment Management LLC bought a new stake in shares of Invesco S&P MidCap Quality ETF in the 2nd quarter worth $54,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Invesco S&P MidCap Quality ETF during the 3rd quarter valued at about $77,000. Larson Financial Group LLC purchased a new stake in shares of Invesco S&P MidCap Quality ETF during the 2nd quarter valued at about $130,000. Finally, Private Trust Co. NA raised its stake in shares of Invesco S&P MidCap Quality ETF by 20.3% in the third quarter. Private Trust Co. NA now owns 1,322 shares of the company’s stock worth $136,000 after buying an additional 223 shares during the period.

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.