TruWealth Advisors LLC Grows Stock Position in Invesco S&P MidCap Quality ETF $XMHQ

TruWealth Advisors LLC grew its stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 328,001 shares of the company’s stock after purchasing an additional 18,910 shares during the period. Invesco S&P MidCap Quality ETF comprises 1.6% of TruWealth Advisors LLC’s investment portfolio, making the stock its 17th biggest position. TruWealth Advisors LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $33,594,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. grew its holdings in Invesco S&P MidCap Quality ETF by 127.2% during the third quarter. Hazlett Burt & Watson Inc. now owns 259 shares of the company’s stock worth $27,000 after acquiring an additional 145 shares during the period. Root Financial Partners LLC purchased a new position in Invesco S&P MidCap Quality ETF during the third quarter valued at approximately $36,000. Asset Dedication LLC acquired a new position in Invesco S&P MidCap Quality ETF in the second quarter valued at approximately $41,000. Clearstead Trust LLC lifted its holdings in Invesco S&P MidCap Quality ETF by 276.7% in the third quarter. Clearstead Trust LLC now owns 388 shares of the company’s stock valued at $41,000 after acquiring an additional 285 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in Invesco S&P MidCap Quality ETF in the 2nd quarter worth approximately $44,000.

Invesco S&P MidCap Quality ETF Price Performance

Shares of NYSEARCA XMHQ opened at $100.19 on Friday. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 16.29 and a beta of 1.04. Invesco S&P MidCap Quality ETF has a 12 month low of $80.60 and a 12 month high of $109.79. The firm’s 50 day simple moving average is $106.70 and its 200-day simple moving average is $104.84.

Invesco S&P MidCap Quality ETF 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.