Secure Asset Management LLC Purchases 8,994 Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Secure Asset Management LLC boosted its position in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 11.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 91,092 shares of the company’s stock after acquiring an additional 8,994 shares during the quarter. Invesco S&P MidCap Quality ETF makes up about 1.4% of Secure Asset Management LLC’s portfolio, making the stock its 11th biggest position. Secure Asset Management LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $8,970,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XMHQ. NBC Securities Inc. purchased a new stake in shares of Invesco S&P MidCap Quality ETF during the third quarter valued at $31,000. MidAtlantic Capital Management Inc. bought a new stake in Invesco S&P MidCap Quality ETF during the 3rd quarter valued at about $77,000. Pinnacle Bancorp Inc. purchased a new stake in Invesco S&P MidCap Quality ETF in the 4th quarter valued at about $79,000. Private Trust Co. NA grew its stake in Invesco S&P MidCap Quality ETF by 20.3% in the 3rd quarter. Private Trust Co. NA now owns 1,322 shares of the company’s stock worth $136,000 after acquiring an additional 223 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Invesco S&P MidCap Quality ETF by 318.4% during the third quarter. Assetmark Inc. now owns 1,753 shares of the company’s stock valued at $180,000 after acquiring an additional 1,334 shares in the last quarter.

Invesco S&P MidCap Quality ETF Stock Performance

Shares of NYSEARCA XMHQ opened at $104.04 on Friday. Invesco S&P MidCap Quality ETF has a 52-week low of $90.04 and a 52-week high of $110.61. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 16.29 and a beta of 1.15. The stock has a 50 day moving average price of $103.09 and a 200 day moving average price of $101.36.

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.