Royal Bank of Canada Trims Stake in Invesco S&P MidCap Quality ETF $XMHQ

Royal Bank of Canada cut its position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 241,792 shares of the company’s stock after selling 6,303 shares during the quarter. Royal Bank of Canada’s holdings in Invesco S&P MidCap Quality ETF were worth $24,994,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in Invesco S&P MidCap Quality ETF by 93.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 302 shares of the company’s stock worth $31,000 after buying an additional 146 shares during the last quarter. SHP Wealth Management purchased a new stake in Invesco S&P MidCap Quality ETF in the fourth quarter valued at approximately $33,000. Optima Capital LLC acquired a new stake in shares of Invesco S&P MidCap Quality ETF in the fourth quarter valued at approximately $37,000. Qube Research & Technologies Ltd acquired a new stake in shares of Invesco S&P MidCap Quality ETF in the second quarter valued at approximately $44,000. Finally, Russell Investments Group Ltd. grew its position in shares of Invesco S&P MidCap Quality ETF by 1,420.7% during the third quarter. Russell Investments Group Ltd. now owns 441 shares of the company’s stock worth $46,000 after acquiring an additional 412 shares during the last quarter.

Invesco S&P MidCap Quality ETF Price Performance

Shares of Invesco S&P MidCap Quality ETF stock opened at $118.50 on Wednesday. The firm’s fifty day simple moving average is $112.31 and its 200-day simple moving average is $108.66. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97. Invesco S&P MidCap Quality ETF has a 12 month low of $97.49 and a 12 month high of $118.65.

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.