Kovack Advisors Inc. Decreases Stake in Invesco S&P MidCap Quality ETF $XMHQ

Kovack Advisors Inc. lowered its stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 29.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,714 shares of the company’s stock after selling 16,329 shares during the period. Kovack Advisors Inc. owned 0.08% of Invesco S&P MidCap Quality ETF worth $3,902,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in XMHQ. Crestwood Advisors Group LLC purchased a new position in shares of Invesco S&P MidCap Quality ETF in the first quarter worth $27,231,000. Foundations Investment Advisors LLC raised its holdings in shares of Invesco S&P MidCap Quality ETF by 5,519.3% in the first quarter. Foundations Investment Advisors LLC now owns 175,884 shares of the company’s stock worth $16,099,000 after buying an additional 172,754 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new position in shares of Invesco S&P MidCap Quality ETF in the second quarter worth $15,746,000. Envestnet Asset Management Inc. raised its holdings in shares of Invesco S&P MidCap Quality ETF by 33.8% in the first quarter. Envestnet Asset Management Inc. now owns 578,294 shares of the company’s stock worth $52,931,000 after buying an additional 146,209 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Invesco S&P MidCap Quality ETF by 37.4% in the first quarter. Jones Financial Companies Lllp now owns 531,383 shares of the company’s stock worth $48,632,000 after buying an additional 144,740 shares during the last quarter.

Invesco S&P MidCap Quality ETF Trading Down 1.4%

NYSEARCA XMHQ opened at $102.77 on Friday. The company has a fifty day simple moving average of $104.92 and a two-hundred day simple moving average of $100.25. The stock has a market cap of $5.15 billion, a P/E 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.

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.