NewEdge Wealth LLC Trims Stake in Invesco S&P MidCap Quality ETF $XMHQ

NewEdge Wealth LLC lowered its position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 12.4% in the 3rd quarter, Holdings Channel reports. The firm owned 83,609 shares of the company’s stock after selling 11,795 shares during the quarter. NewEdge Wealth LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $8,601,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. raised its holdings in shares of Invesco S&P MidCap Quality ETF by 127.2% in the third quarter. Hazlett Burt & Watson Inc. now owns 259 shares of the company’s stock worth $27,000 after buying an additional 145 shares during the period. Root Financial Partners LLC bought a new position in Invesco S&P MidCap Quality ETF in the 3rd quarter valued at $36,000. Asset Dedication LLC bought a new position in Invesco S&P MidCap Quality ETF in the 2nd quarter valued at $41,000. Qube Research & Technologies Ltd purchased a new stake in Invesco S&P MidCap Quality ETF in the second quarter worth $44,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Invesco S&P MidCap Quality ETF during the second quarter worth $77,000.

Invesco S&P MidCap Quality ETF Trading Down 0.3%

Shares of XMHQ opened at $107.48 on Friday. The firm has a fifty day moving average price of $106.42 and a 200-day moving average price of $104.51. The firm has a market capitalization of $5.31 billion, a P/E ratio of 16.29 and a beta of 1.04. Invesco S&P MidCap Quality ETF has a 12-month low of $80.60 and a 12-month high of $109.79.

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.