Confluence Investment Management LLC raised its holdings in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ – Free Report) by 10.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 518,323 shares of the company’s stock after buying an additional 48,066 shares during the period. Confluence Investment Management LLC owned about 1.16% of Invesco S&P MidCap Quality ETF worth $53,170,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in XMHQ. Cape Investment Advisory Inc. purchased a new stake in Invesco S&P MidCap Quality ETF during the first quarter valued at about $32,000. NBC Securities Inc. purchased a new stake in shares of Invesco S&P MidCap Quality ETF in the 3rd quarter valued at approximately $31,000. International Assets Investment Management LLC acquired a new position in Invesco S&P MidCap Quality ETF in the 2nd quarter worth approximately $54,000. CWM LLC grew its position in Invesco S&P MidCap Quality ETF by 20.3% during the 2nd quarter. CWM LLC now owns 712 shares of the company’s stock worth $69,000 after purchasing an additional 120 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new position in Invesco S&P MidCap Quality ETF during the 2nd quarter worth approximately $130,000.
Invesco S&P MidCap Quality ETF Stock Down 0.0 %
XMHQ opened at $105.36 on Friday. The firm has a market capitalization of $4.72 billion, a P/E ratio of 16.29 and a beta of 1.15. The stock has a fifty day moving average of $100.98 and a 200-day moving average of $101.47. Invesco S&P MidCap Quality ETF has a 12-month low of $78.31 and a 12-month high of $110.61.
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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