Meridian Wealth Management LLC Grows Position in Invesco S&P MidCap Quality ETF $XMHQ

Meridian Wealth Management LLC lifted its position in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 7.8% in the second quarter, HoldingsChannel.com reports. The firm owned 58,002 shares of the company’s stock after purchasing an additional 4,207 shares during the period. Meridian Wealth Management LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $5,698,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC lifted its position in Invesco S&P MidCap Quality ETF by 26.6% in the 1st quarter. CWM LLC now owns 10,691 shares of the company’s stock valued at $979,000 after acquiring an additional 2,246 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Invesco S&P MidCap Quality ETF by 2,529.3% in the 1st quarter. Cullen Frost Bankers Inc. now owns 2,419 shares of the company’s stock worth $221,000 after buying an additional 2,327 shares during the period. Kingsview Wealth Management LLC lifted its holdings in Invesco S&P MidCap Quality ETF by 23.8% in the 1st quarter. Kingsview Wealth Management LLC now owns 14,133 shares of the company’s stock worth $1,294,000 after purchasing an additional 2,718 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Invesco S&P MidCap Quality ETF by 9.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 231,298 shares of the company’s stock valued at $21,171,000 after acquiring an additional 20,334 shares during the last quarter. Finally, Dahring Cusmano LLC boosted its position in shares of Invesco S&P MidCap Quality ETF by 6.9% during the 1st quarter. Dahring Cusmano LLC now owns 80,160 shares of the company’s stock valued at $7,337,000 after acquiring an additional 5,200 shares during the last quarter.

Invesco S&P MidCap Quality ETF Stock Performance

Shares of Invesco S&P MidCap Quality ETF stock opened at $100.68 on Friday. Invesco S&P MidCap Quality ETF has a one year low of $80.60 and a one year high of $109.79. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 16.29 and a beta of 1.04. The stock has a 50 day moving average price of $104.31 and a 200-day moving average price of $101.24.

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.