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

Kovack Advisors Inc. trimmed its holdings in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 25.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,414 shares of the company’s stock after selling 18,114 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P MidCap Quality ETF were worth $5,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. NBC Securities Inc. acquired a new stake in shares of Invesco S&P MidCap Quality ETF during the third quarter worth $31,000. Cape Investment Advisory Inc. acquired a new position in shares of Invesco S&P MidCap Quality ETF in the first quarter worth about $32,000. International Assets Investment Management LLC acquired a new position in shares of Invesco S&P MidCap Quality ETF in the second quarter worth about $54,000. CWM LLC raised its holdings in shares of Invesco S&P MidCap Quality ETF by 20.3% during the second quarter. CWM LLC now owns 712 shares of the company’s stock valued at $69,000 after acquiring an additional 120 shares during the period. Finally, Larson Financial Group LLC purchased a new stake in shares of Invesco S&P MidCap Quality ETF in the 2nd quarter valued at approximately $130,000.

Invesco S&P MidCap Quality ETF Price Performance

Invesco S&P MidCap Quality ETF stock traded up $0.50 during midday trading on Wednesday, reaching $105.94. The stock had a trading volume of 55,491 shares, compared to its average volume of 371,890. The firm’s fifty day simple moving average is $101.43 and its two-hundred day simple moving average is $101.49. Invesco S&P MidCap Quality ETF has a twelve month low of $81.06 and a twelve month high of $110.61. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 16.29 and a beta of 1.15.

About Invesco S&P MidCap Quality ETF

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.