Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) saw unusually-high 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 Performance

The stock’s 50 day simple moving average is $103.61 and its 200-day simple moving average is $101.17. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 16.29 and a beta of 1.15.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Confluence Investment Management LLC raised its position in Invesco S&P MidCap Quality ETF by 4.8% in the fourth quarter. Confluence Investment Management LLC now owns 543,291 shares of the company’s stock valued at $53,498,000 after purchasing an additional 24,968 shares during the period. Boulder Wealth Advisors LLC raised its holdings in shares of Invesco S&P MidCap Quality ETF by 6.4% in the 3rd quarter. Boulder Wealth Advisors LLC now owns 74,931 shares of the company’s stock valued at $7,686,000 after buying an additional 4,479 shares during the period. Tidal Investments LLC acquired a new stake in shares of Invesco S&P MidCap Quality ETF during the third quarter worth about $2,033,000. World Investment Advisors LLC grew its stake in shares of Invesco S&P MidCap Quality ETF by 114.9% in the third quarter. World Investment Advisors LLC now owns 49,962 shares of the company’s stock worth $5,125,000 after acquiring an additional 26,708 shares in the last quarter. Finally, Capstone Capital LLC acquired a new stake in Invesco S&P MidCap Quality ETF in the 3rd quarter valued at about $218,000.

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.