Precedent Wealth Partners LLC Makes New $4.33 Million Investment in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Precedent Wealth Partners LLC purchased a new position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,964 shares of the company’s stock, valued at approximately $4,329,000. Invesco S&P MidCap Quality ETF accounts for 1.4% of Precedent Wealth Partners LLC’s investment portfolio, making the stock its 16th biggest position. Precedent Wealth Partners LLC owned approximately 0.10% of Invesco S&P MidCap Quality ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV grew its position in shares of Invesco S&P MidCap Quality ETF by 6.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 3,919 shares of the company’s stock worth $380,000 after purchasing an additional 239 shares in the last quarter. Bank of Montreal Can grew its holdings in Invesco S&P MidCap Quality ETF by 73.7% during the 2nd quarter. Bank of Montreal Can now owns 78,705 shares of the company’s stock valued at $8,235,000 after buying an additional 33,395 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P MidCap Quality ETF by 10.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,245,697 shares of the company’s stock valued at $120,869,000 after buying an additional 120,084 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 5.5% in the second quarter. NewEdge Advisors LLC now owns 96,761 shares of the company’s stock worth $9,389,000 after buying an additional 5,013 shares in the last quarter. Finally, Traction Financial Partners LLC boosted its position in shares of Invesco S&P MidCap Quality ETF by 22.9% during the second quarter. Traction Financial Partners LLC now owns 12,007 shares of the company’s stock worth $1,189,000 after acquiring an additional 2,234 shares during the last quarter.

Invesco S&P MidCap Quality ETF Stock Performance

XMHQ opened at $103.87 on Friday. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 16.29 and a beta of 1.15. The company has a fifty day moving average of $103.13 and a 200 day moving average of $101.43. Invesco S&P MidCap Quality ETF has a fifty-two week low of $90.18 and a fifty-two week high of $110.61.

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.