Precedent Wealth Partners LLC Purchases New Shares in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Precedent Wealth Partners LLC acquired a new position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 43,964 shares of the company’s stock, valued at approximately $4,329,000. Invesco S&P MidCap Quality ETF makes up approximately 1.4% of Precedent Wealth Partners LLC’s portfolio, making the stock its 16th largest position.

Other large investors have also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its stake in Invesco S&P MidCap Quality ETF by 2,305.0% during the third quarter. Benjamin Edwards Inc. now owns 1,122,759 shares of the company’s stock worth $115,172,000 after buying an additional 1,076,075 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 100.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 948,661 shares of the company’s stock worth $97,314,000 after acquiring an additional 476,567 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Invesco S&P MidCap Quality ETF by 93.0% during the 3rd quarter. HighTower Advisors LLC now owns 752,283 shares of the company’s stock worth $77,168,000 after purchasing an additional 362,451 shares during the period. LPL Financial LLC grew its holdings in Invesco S&P MidCap Quality ETF by 7.7% during the 3rd quarter. LPL Financial LLC now owns 4,960,121 shares of the company’s stock valued at $508,809,000 after purchasing an additional 356,196 shares during the last quarter. Finally, Good Life Advisors LLC raised its position in Invesco S&P MidCap Quality ETF by 123.7% in the 3rd quarter. Good Life Advisors LLC now owns 352,170 shares of the company’s stock worth $36,126,000 after purchasing an additional 194,714 shares during the period.

Invesco S&P MidCap Quality ETF Price Performance

Shares of NYSEARCA:XMHQ opened at $103.87 on Friday. The firm has a market capitalization of $4.65 billion, a PE ratio of 16.29 and a beta of 1.15. The business has a 50 day simple moving average of $103.13 and a two-hundred day simple moving average of $101.43. Invesco S&P MidCap Quality ETF has a 1 year low of $90.18 and a 1 year 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.