United Asset Strategies Inc. Boosts Position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

United Asset Strategies Inc. raised its position in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 96.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,762 shares of the company’s stock after purchasing an additional 8,706 shares during the quarter. United Asset Strategies Inc.’s holdings in Invesco S&P MidCap Quality ETF were worth $1,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Foundations Investment Advisors LLC bought a new stake in shares of Invesco S&P MidCap Quality ETF during the 3rd quarter valued at $362,000. New Century Financial Group LLC bought a new position in shares of Invesco S&P MidCap Quality ETF in the first quarter worth about $209,000. US Bancorp DE boosted its stake in shares of Invesco S&P MidCap Quality ETF by 17.3% in the first quarter. US Bancorp DE now owns 38,231 shares of the company’s stock worth $4,207,000 after acquiring an additional 5,633 shares during the period. Raymond James & Associates grew its position in shares of Invesco S&P MidCap Quality ETF by 23.7% during the third quarter. Raymond James & Associates now owns 263,614 shares of the company’s stock worth $27,042,000 after purchasing an additional 50,577 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Invesco S&P MidCap Quality ETF during the 2nd quarter valued at approximately $231,000.

Invesco S&P MidCap Quality ETF Stock Performance

XMHQ stock traded down $1.04 during trading on Thursday, hitting $98.99. 94,048 shares of the company’s stock traded hands, compared to its average volume of 373,138. The business has a fifty day simple moving average of $100.96 and a 200 day simple moving average of $101.55. Invesco S&P MidCap Quality ETF has a 52 week low of $75.92 and a 52 week high of $110.61. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 16.29 and a beta of 1.15.

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.