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

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $88.05 and last traded at $88.10, with a volume of 112346 shares trading hands. The stock had previously closed at $93.95.

Invesco S&P MidCap Quality ETF Stock Performance

The business’s fifty day moving average price is $96.59 and its two-hundred day moving average price is $100.61. The firm has a market capitalization of $5.21 billion, a P/E ratio of 15.97 and a beta of 1.07.

Invesco S&P MidCap Quality ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.1895 per share. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On Invesco S&P MidCap Quality ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake 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 worth $525,952,000 after buying an additional 381,123 shares during the period. Ameriprise Financial Inc. lifted its position in Invesco S&P MidCap Quality ETF by 3.2% during the 4th quarter. Ameriprise Financial Inc. now owns 1,893,415 shares of the company’s stock worth $186,341,000 after acquiring an additional 58,986 shares during the period. Stifel Financial Corp grew its stake in Invesco S&P MidCap Quality ETF by 7.8% during the 4th quarter. Stifel Financial Corp now owns 1,798,266 shares of the company’s stock valued at $177,075,000 after purchasing an additional 129,365 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Invesco S&P MidCap Quality ETF by 6.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,194,776 shares of the company’s stock valued at $117,650,000 after purchasing an additional 76,889 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of Invesco S&P MidCap Quality ETF by 5.5% in the fourth quarter. Benjamin Edwards Inc. now owns 1,184,911 shares of the company’s stock valued at $116,679,000 after purchasing an additional 62,152 shares during the period.

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.