Valmark Advisers Inc. Decreases Holdings in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Valmark Advisers Inc. trimmed its stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 65.4% during the fourth quarter, Holdings Channel reports. The fund owned 8,546 shares of the company’s stock after selling 16,143 shares during the period. Valmark Advisers Inc.’s holdings in Invesco S&P MidCap Quality ETF were worth $842,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of XMHQ. Benjamin Edwards Inc. grew its holdings 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 valued at $115,172,000 after purchasing an additional 1,076,075 shares during the period. Thrivent Financial for Lutherans increased its holdings in 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 lifted its holdings in Invesco S&P MidCap Quality ETF by 93.0% during the third quarter. HighTower Advisors LLC now owns 752,283 shares of the company’s stock valued at $77,168,000 after purchasing an additional 362,451 shares during the last quarter. LPL Financial LLC boosted its position in Invesco S&P MidCap Quality ETF by 7.7% during the third quarter. LPL Financial LLC now owns 4,960,121 shares of the company’s stock worth $508,809,000 after purchasing an additional 356,196 shares during the period. Finally, Annex Advisory Services LLC increased its stake in shares of Invesco S&P MidCap Quality ETF by 15.9% in the fourth quarter. Annex Advisory Services LLC now owns 1,052,604 shares of the company’s stock worth $103,650,000 after purchasing an additional 144,450 shares in the last quarter.

Invesco S&P MidCap Quality ETF Trading Down 0.3 %

Shares of XMHQ stock opened at $100.24 on Tuesday. Invesco S&P MidCap Quality ETF has a 12 month low of $91.95 and a 12 month high of $110.61. The stock has a market capitalization of $4.49 billion, a P/E ratio of 16.29 and a beta of 1.15. The firm’s 50 day moving average is $101.33 and its 200 day moving average is $101.54.

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.