Kane Investment Management Inc. Invests $589,000 in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Kane Investment Management Inc. purchased a new stake in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,982 shares of the company’s stock, valued at approximately $589,000.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC raised its stake in shares of Invesco S&P MidCap Quality ETF by 7.7% in the fourth quarter. LPL Financial LLC now owns 5,341,244 shares of the company’s stock valued at $525,952,000 after acquiring an additional 381,123 shares during the period. Commonwealth Equity Services LLC raised its position in Invesco S&P MidCap Quality ETF by 6.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,194,776 shares of the company’s stock worth $117,650,000 after purchasing an additional 76,889 shares during the period. Thrivent Financial for Lutherans lifted its stake in Invesco S&P MidCap Quality ETF by 11.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,061,614 shares of the company’s stock worth $107,592,000 after purchasing an additional 112,953 shares during the last quarter. Annex Advisory Services LLC boosted its position in shares of Invesco S&P MidCap Quality ETF by 15.9% during the fourth quarter. Annex Advisory Services LLC now owns 1,052,604 shares of the company’s stock valued at $103,650,000 after buying an additional 144,450 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Invesco S&P MidCap Quality ETF during the fourth quarter valued at approximately $92,638,000.

Invesco S&P MidCap Quality ETF Stock Performance

Shares of XMHQ stock opened at $89.06 on Tuesday. The stock has a 50 day moving average price of $93.51 and a 200 day moving average price of $99.55. Invesco S&P MidCap Quality ETF has a 52-week low of $80.60 and a 52-week high of $109.79. The firm has a market capitalization of $5.24 billion, a P/E ratio of 15.97 and a beta of 1.07.

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.