Precedent Wealth Partners LLC decreased its position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ – Free Report) by 50.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 25,797 shares of the company’s stock after selling 26,687 shares during the period. Precedent Wealth Partners LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $2,880,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new position in shares of Invesco S&P MidCap Quality ETF during the 2nd quarter worth approximately $29,000. SHP Wealth Management purchased a new position in shares of Invesco S&P MidCap Quality ETF in the 4th quarter worth approximately $33,000. PNC Financial Services Group Inc. boosted its stake in shares of Invesco S&P MidCap Quality ETF by 45.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 439 shares of the company’s stock worth $45,000 after buying an additional 137 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Invesco S&P MidCap Quality ETF by 700.0% in the first quarter. Glenmede Trust Co. NA now owns 800 shares of the company’s stock valued at $83,000 after acquiring an additional 700 shares in the last quarter. Finally, Donor Advised Charitable Giving Inc. bought a new position in shares of Invesco S&P MidCap Quality ETF in the second quarter valued at approximately $244,000.
Invesco S&P MidCap Quality ETF Stock Down 0.6%
XMHQ stock opened at $116.17 on Friday. The firm has a market cap of $5.57 billion, a PE ratio of 16.29 and a beta of 0.98. The business has a 50 day moving average of $115.67 and a 200-day moving average of $112.70. Invesco S&P MidCap Quality ETF has a 12-month low of $97.49 and a 12-month high of $119.99.
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.
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