Waverly Advisors LLC Has $53.04 Million Stake in Invesco S&P MidCap Quality ETF $XMHQ

Waverly Advisors LLC boosted its position in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 1,592.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 469,902 shares of the company’s stock after buying an additional 442,140 shares during the quarter. Waverly Advisors LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $53,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in shares of Invesco S&P MidCap Quality ETF in the 1st quarter valued at about $1,793,000. Cresset Asset Management LLC bought a new stake in Invesco S&P MidCap Quality ETF in the second quarter valued at approximately $201,000. Qube Research & Technologies Ltd bought a new stake in Invesco S&P MidCap Quality ETF in the second quarter valued at approximately $44,000. Betterment LLC lifted its position in shares of Invesco S&P MidCap Quality ETF by 16.2% in the second quarter. Betterment LLC now owns 2,755 shares of the company’s stock valued at $271,000 after buying an additional 385 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Invesco S&P MidCap Quality ETF by 6.1% in the second quarter. Ameriprise Financial Inc. now owns 1,450,044 shares of the company’s stock valued at $142,446,000 after buying an additional 83,853 shares during the last quarter.

Invesco S&P MidCap Quality ETF Stock Down 1.1%

Shares of XMHQ stock traded down $1.28 during trading on Tuesday, reaching $116.80. 137,339 shares of the company’s stock were exchanged, compared to its average volume of 207,214. Invesco S&P MidCap Quality ETF has a twelve month low of $97.49 and a twelve month high of $119.99. The firm’s fifty day moving average price is $116.10 and its 200-day moving average price is $110.54. The stock has a market capitalization of $5.55 billion, a PE ratio of 16.29 and a beta of 0.97.

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.