Independent Advisor Alliance Boosts Stock Position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Independent Advisor Alliance grew its stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 1,709.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 235,333 shares of the company’s stock after purchasing an additional 222,325 shares during the period. Independent Advisor Alliance’s holdings in Invesco S&P MidCap Quality ETF were worth $23,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Johnson Investment Counsel Inc. grew its position in Invesco S&P MidCap Quality ETF by 32.5% in the fourth quarter. Johnson Investment Counsel Inc. now owns 4,075 shares of the company’s stock worth $401,000 after acquiring an additional 1,000 shares during the period. New Insight Wealth Advisors grew its position in Invesco S&P MidCap Quality ETF by 129.9% in the fourth quarter. New Insight Wealth Advisors now owns 13,828 shares of the company’s stock worth $1,362,000 after acquiring an additional 7,813 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Invesco S&P MidCap Quality ETF in the fourth quarter worth approximately $344,000. Opulen Financial Group LLC purchased a new position in Invesco S&P MidCap Quality ETF in the fourth quarter worth approximately $999,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Invesco S&P MidCap Quality ETF during the fourth quarter worth $92,638,000.

Invesco S&P MidCap Quality ETF Stock Up 1.0 %

XMHQ opened at $93.59 on Monday. Invesco S&P MidCap Quality ETF has a 52 week low of $91.09 and a 52 week high of $110.61. The business has a fifty day simple moving average of $99.34 and a 200-day simple moving average of $101.41. The firm has a market cap of $5.72 billion, a P/E ratio of 15.52 and a beta of 1.07.

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.