NewEdge Advisors LLC Increases Stock Position in Invesco S&P MidCap Quality ETF $XMHQ

NewEdge Advisors LLC lifted its stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 7.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 333,683 shares of the company’s stock after acquiring an additional 22,918 shares during the quarter. NewEdge Advisors LLC owned 0.69% of Invesco S&P MidCap Quality ETF worth $34,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Invesco S&P MidCap Quality ETF by 93.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 302 shares of the company’s stock worth $31,000 after purchasing an additional 146 shares during the last quarter. SHP Wealth Management purchased a new stake in Invesco S&P MidCap Quality ETF during the 4th quarter valued at $33,000. Optima Capital LLC purchased a new stake in Invesco S&P MidCap Quality ETF during the 4th quarter valued at $37,000. Russell Investments Group Ltd. raised its stake in Invesco S&P MidCap Quality ETF by 1,420.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 441 shares of the company’s stock valued at $46,000 after buying an additional 412 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Invesco S&P MidCap Quality ETF during the 2nd quarter valued at $44,000.

Invesco S&P MidCap Quality ETF Price Performance

NYSEARCA XMHQ opened at $117.14 on Friday. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97. Invesco S&P MidCap Quality ETF has a 1-year low of $97.49 and a 1-year high of $119.33. The business’s fifty day moving average price is $112.62 and its 200-day moving average price is $108.79.

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.