Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) Stake Cut by Kovack Advisors Inc.

Kovack Advisors Inc. reduced its holdings in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 25.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 54,414 shares of the company’s stock after selling 18,114 shares during the quarter. Kovack Advisors Inc. owned approximately 0.12% of Invesco S&P MidCap Quality ETF worth $5,582,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Foundations Investment Advisors LLC bought a new position in Invesco S&P MidCap Quality ETF in the 3rd quarter worth about $362,000. Sequoia Financial Advisors LLC increased its position in Invesco S&P MidCap Quality ETF by 23.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,477 shares of the company’s stock valued at $357,000 after acquiring an additional 667 shares during the period. US Bancorp DE increased its position in Invesco S&P MidCap Quality ETF by 17.3% in the 1st quarter. US Bancorp DE now owns 38,231 shares of the company’s stock valued at $4,207,000 after acquiring an additional 5,633 shares during the period. Raymond James & Associates raised its stake in Invesco S&P MidCap Quality ETF by 23.7% during the 3rd quarter. Raymond James & Associates now owns 263,614 shares of the company’s stock valued at $27,042,000 after acquiring an additional 50,577 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Invesco S&P MidCap Quality ETF in the second quarter worth $231,000.

Invesco S&P MidCap Quality ETF Price Performance

Shares of NYSEARCA XMHQ traded up $0.50 during midday trading on Wednesday, reaching $105.94. 55,491 shares of the company traded hands, compared to its average volume of 371,890. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 16.29 and a beta of 1.15. The stock has a 50-day moving average price of $101.43 and a 200 day moving average price of $101.49. Invesco S&P MidCap Quality ETF has a 52 week low of $81.06 and a 52 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.