Modern Wealth Management LLC Invests $7.44 Million in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Modern Wealth Management LLC acquired a new position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 73,655 shares of the company’s stock, valued at approximately $7,436,000. Modern Wealth Management LLC owned about 0.16% of Invesco S&P MidCap Quality ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Benjamin Edwards Inc. increased its stake in shares of Invesco S&P MidCap Quality ETF by 2,305.0% in the third quarter. Benjamin Edwards Inc. now owns 1,122,759 shares of the company’s stock valued at $115,172,000 after buying an additional 1,076,075 shares during the period. Raymond James Financial Inc. acquired a new stake in Invesco S&P MidCap Quality ETF during the 4th quarter valued at approximately $92,638,000. LPL Financial LLC raised its holdings in Invesco S&P MidCap Quality ETF by 7.7% during the 4th quarter. LPL Financial LLC now owns 5,341,244 shares of the company’s stock worth $525,952,000 after purchasing an additional 381,123 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Invesco S&P MidCap Quality ETF by 93.0% in the 3rd quarter. HighTower Advisors LLC now owns 752,283 shares of the company’s stock valued at $77,168,000 after purchasing an additional 362,451 shares during the last quarter. Finally, Independent Advisor Alliance raised its stake in Invesco S&P MidCap Quality ETF by 1,709.1% during the fourth quarter. Independent Advisor Alliance now owns 235,333 shares of the company’s stock worth $23,173,000 after buying an additional 222,325 shares during the last quarter.

Invesco S&P MidCap Quality ETF Trading Up 2.5 %

Shares of Invesco S&P MidCap Quality ETF stock opened at $94.61 on Tuesday. The company has a market cap of $5.64 billion, a P/E ratio of 15.57 and a beta of 1.07. The business has a 50-day moving average price of $97.87 and a two-hundred day moving average price of $100.81. Invesco S&P MidCap Quality ETF has a 1-year low of $88.70 and a 1-year high of $110.61.

Invesco S&P MidCap Quality ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a $0.1895 dividend. The ex-dividend date of this dividend is Monday, March 24th.

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.