Sax Wealth Advisors LLC Acquires 37,674 Shares of Invesco S&P MidCap Quality ETF $XMHQ

Sax Wealth Advisors LLC boosted its stake in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 20.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 224,293 shares of the company’s stock after purchasing an additional 37,674 shares during the period. Invesco S&P MidCap Quality ETF comprises approximately 0.7% of Sax Wealth Advisors LLC’s holdings, making the stock its 25th largest position. Sax Wealth Advisors LLC owned approximately 0.47% of Invesco S&P MidCap Quality ETF worth $25,042,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBZ Investment Advisors LLC increased its position in shares of Invesco S&P MidCap Quality ETF by 6.7% during the first quarter. NBZ Investment Advisors LLC now owns 130,929 shares of the company’s stock valued at $13,534,000 after purchasing an additional 8,266 shares during the period. Straightline Group LLC boosted its holdings in Invesco S&P MidCap Quality ETF by 1.8% during the second quarter. Straightline Group LLC now owns 370,591 shares of the company’s stock valued at $41,832,000 after purchasing an additional 6,632 shares in the last quarter. Waverly Advisors LLC raised its holdings in shares of Invesco S&P MidCap Quality ETF by 1,592.6% in the 2nd quarter. Waverly Advisors LLC now owns 469,902 shares of the company’s stock worth $53,043,000 after buying an additional 442,140 shares in the last quarter. Onyx Bridge Wealth Group LLC lifted its position in shares of Invesco S&P MidCap Quality ETF by 58.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 47,101 shares of the company’s stock worth $4,869,000 after buying an additional 17,336 shares during the period. Finally, OLD National Bancorp IN acquired a new stake in shares of Invesco S&P MidCap Quality ETF in the 1st quarter valued at $5,792,000.

Invesco S&P MidCap Quality ETF Trading Up 0.1%

XMHQ stock traded up $0.08 during trading on Tuesday, hitting $114.27. 90,428 shares of the stock traded hands, compared to its average volume of 202,411. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 16.29 and a beta of 0.98. Invesco S&P MidCap Quality ETF has a one year low of $97.49 and a one year high of $119.99. The company has a 50 day simple moving average of $116.22 and a 200 day simple moving average of $112.01.

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.