Madison Asset Management LLC Cuts Stake in Invesco S&P SmallCap Quality ETF $XSHQ

Madison Asset Management LLC cut its holdings in Invesco S&P SmallCap Quality ETF (BATS:XSHQ) by 41.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,316 shares of the company’s stock after selling 15,022 shares during the period. Madison Asset Management LLC’s holdings in Invesco S&P SmallCap Quality ETF were worth $899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Essex Financial Services Inc. grew its holdings in Invesco S&P SmallCap Quality ETF by 6.3% during the 1st quarter. Essex Financial Services Inc. now owns 6,700 shares of the company’s stock valued at $282,000 after buying an additional 395 shares in the last quarter. Royal Bank of Canada increased its holdings in Invesco S&P SmallCap Quality ETF by 6.3% in the 1st quarter. Royal Bank of Canada now owns 8,519 shares of the company’s stock valued at $337,000 after acquiring an additional 506 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Invesco S&P SmallCap Quality ETF by 2.5% in the 4th quarter. NewEdge Advisors LLC now owns 21,248 shares of the company’s stock worth $894,000 after purchasing an additional 511 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Invesco S&P SmallCap Quality ETF by 2.8% during the 4th quarter. Golden State Wealth Management LLC now owns 21,086 shares of the company’s stock valued at $888,000 after purchasing an additional 565 shares during the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Invesco S&P SmallCap Quality ETF during the 4th quarter valued at about $36,000.

Invesco S&P SmallCap Quality ETF Trading Down 1.3%

Shares of XSHQ stock opened at $47.38 on Thursday. Invesco S&P SmallCap Quality ETF has a 12-month low of $40.02 and a 12-month high of $48.74. The stock’s 50-day moving average price is $46.72 and its 200-day moving average price is $44.86. The stock has a market capitalization of $375.72 million, a price-to-earnings ratio of 14.16 and a beta of 1.00.

Invesco S&P SmallCap Quality ETF Profile

The Invesco S&P SmallCap Quality ETF (XSHQ) is an exchange-traded fund that is based on the S&P SmallCap 600 Quality index. The fund tracks an index of US small-cap stocks selected by return-on-equity, accruals ratio, and financial leverage. Stocks are weighted by these quality factors and scaled by market-cap. XSHQ was launched on Apr 6, 2017 and is managed by Invesco.