NewEdge Advisors LLC Purchases 30,976 Shares of Invesco S&P MidCap Quality ETF $XMHQ

NewEdge Advisors LLC lifted its position in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 9.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 364,659 shares of the company’s stock after acquiring an additional 30,976 shares during the quarter. NewEdge Advisors LLC owned approximately 0.77% of Invesco S&P MidCap Quality ETF worth $41,163,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. bought a new stake in Invesco S&P MidCap Quality ETF during the 2nd quarter worth about $29,000. PNC Financial Services Group Inc. boosted its stake in shares of Invesco S&P MidCap Quality ETF by 93.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 302 shares of the company’s stock valued at $31,000 after purchasing an additional 146 shares during the last quarter. SHP Wealth Management acquired a new stake in shares of Invesco S&P MidCap Quality ETF during the 4th quarter worth approximately $33,000. Russell Investments Group Ltd. grew its position in shares of Invesco S&P MidCap Quality ETF by 1,420.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 441 shares of the company’s stock worth $46,000 after buying an additional 412 shares during the period. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Invesco S&P MidCap Quality ETF during the second quarter worth approximately $44,000.

Invesco S&P MidCap Quality ETF Price Performance

XMHQ opened at $115.33 on Thursday. The firm has a 50 day simple moving average of $116.15 and a 200 day simple moving average of $110.59. Invesco S&P MidCap Quality ETF has a fifty-two week low of $97.49 and a fifty-two week high of $119.99. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 16.29 and a beta of 0.97.

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.