NewEdge Advisors LLC raised its stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ – Free Report) by 9.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 364,659 shares of the company’s stock after buying an additional 30,976 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $41,163,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. acquired a new position in shares of Invesco S&P MidCap Quality ETF during the 2nd quarter worth about $29,000. PNC Financial Services Group Inc. increased its stake in shares of Invesco S&P MidCap Quality ETF by 93.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 302 shares of the company’s stock valued at $31,000 after acquiring an additional 146 shares during the last quarter. SHP Wealth Management acquired a new stake in shares of Invesco S&P MidCap Quality ETF in the 4th quarter valued at approximately $33,000. Russell Investments Group Ltd. raised its position in shares of Invesco S&P MidCap Quality ETF by 1,420.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 441 shares of the company’s stock valued at $46,000 after acquiring an additional 412 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in Invesco S&P MidCap Quality ETF during the 2nd quarter worth approximately $44,000.
Invesco S&P MidCap Quality ETF Stock Performance
Shares of NYSEARCA XMHQ opened at $115.33 on Thursday. The stock has a market cap of $5.48 billion, a P/E ratio of 16.29 and a beta of 0.97. The firm has a 50 day moving average price of $116.15 and a 200 day moving average price of $110.59. Invesco S&P MidCap Quality ETF has a 52-week low of $97.49 and a 52-week high of $119.99.
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.
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