Eastern Bank Has $50.90 Million Stock Holdings in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Eastern Bank grew its holdings in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 516,890 shares of the company’s stock after buying an additional 4,912 shares during the quarter. Invesco S&P MidCap Quality ETF accounts for approximately 0.9% of Eastern Bank’s holdings, making the stock its 26th biggest holding. Eastern Bank’s holdings in Invesco S&P MidCap Quality ETF were worth $50,898,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in shares of Invesco S&P MidCap Quality ETF by 15.3% during the 3rd quarter. FMR LLC now owns 4,315 shares of the company’s stock worth $443,000 after purchasing an additional 572 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Invesco S&P MidCap Quality ETF during the 3rd quarter worth about $608,000. Foundations Investment Advisors LLC acquired a new stake in shares of Invesco S&P MidCap Quality ETF during the 3rd quarter worth about $362,000. Raymond James & Associates increased its position in shares of 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 worth $27,042,000 after purchasing an additional 50,577 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Invesco S&P MidCap Quality ETF by 23.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,477 shares of the company’s stock worth $357,000 after acquiring an additional 667 shares during the last quarter.

Invesco S&P MidCap Quality ETF Stock Performance

XMHQ traded down $0.05 during midday trading on Monday, hitting $97.95. The company had a trading volume of 354,743 shares, compared to its average volume of 530,813. The company has a market capitalization of $4.39 billion, a PE ratio of 16.29 and a beta of 1.15. Invesco S&P MidCap Quality ETF has a twelve month low of $87.44 and a twelve month high of $110.61. The firm’s 50-day simple moving average is $103.51 and its 200-day simple moving average is $101.10.

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.