Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sets New 12-Month Low – Here’s Why

Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) hit a new 52-week low on Thursday . The company 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 Down 5.7 %

The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 15.97 and a beta of 1.07. The company has a fifty day moving average price of $96.59 and a two-hundred day moving average price of $100.61.

Invesco S&P MidCap Quality ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Shareholders 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 Trading of Invesco S&P MidCap Quality ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in XMHQ. Confluence Investment Management LLC raised its stake in shares of Invesco S&P MidCap Quality ETF by 0.9% during the first quarter. Confluence Investment Management LLC now owns 548,049 shares of the company’s stock worth $50,163,000 after purchasing an additional 4,758 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new stake in shares of Invesco S&P MidCap Quality ETF in the 4th quarter worth $5,004,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Invesco S&P MidCap Quality ETF by 25.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 46,592 shares of the company’s stock worth $4,588,000 after acquiring an additional 9,381 shares during the period. Tableaux LLC acquired a new position in shares of Invesco S&P MidCap Quality ETF during the fourth quarter worth about $6,736,000. Finally, XY Planning Network Inc. purchased a new position in Invesco S&P MidCap Quality ETF during the fourth quarter worth about $614,000.

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.