Independent Advisor Alliance Has $1.33 Million Stake 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 32.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,008 shares of the company’s stock after buying an additional 3,221 shares during the period. Independent Advisor Alliance’s holdings in Invesco S&P MidCap Quality ETF were worth $1,334,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in XMHQ. LPL Financial LLC grew its stake in Invesco S&P MidCap Quality ETF by 7.7% in the 3rd quarter. LPL Financial LLC now owns 4,960,121 shares of the company’s stock valued at $508,809,000 after buying an additional 356,196 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 acquiring an additional 120,084 shares during the period. Commonwealth Equity Services LLC grew its position in shares of Invesco S&P MidCap Quality ETF by 1.6% in the third quarter. Commonwealth Equity Services LLC now owns 1,117,887 shares of the company’s stock valued at $114,673,000 after purchasing an additional 17,488 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Invesco S&P MidCap Quality ETF by 100.9% in the third quarter. Thrivent Financial for Lutherans now owns 948,661 shares of the company’s stock worth $97,314,000 after purchasing an additional 476,567 shares during the period. Finally, Annex Advisory Services LLC acquired a new position in shares of Invesco S&P MidCap Quality ETF during the 2nd quarter worth about $88,073,000.

Invesco S&P MidCap Quality ETF Stock Down 0.8 %

Shares of NYSEARCA:XMHQ opened at $108.44 on Wednesday. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 16.29 and a beta of 1.15. The business has a 50 day moving average price of $102.95 and a 200 day moving average price of $101.46. Invesco S&P MidCap Quality ETF has a twelve month low of $82.05 and a twelve month high of $110.61.

Invesco S&P MidCap Quality ETF 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.