Invesco S&P MidCap Quality ETF $XMHQ Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. cut its holdings in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 29.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,714 shares of the company’s stock after selling 16,329 shares during the period. Kovack Advisors Inc.’s holdings in Invesco S&P MidCap Quality ETF were worth $3,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XMHQ. Crestwood Advisors Group LLC acquired a new position in Invesco S&P MidCap Quality ETF during the first quarter valued at $27,231,000. Foundations Investment Advisors LLC increased its holdings in Invesco S&P MidCap Quality ETF by 5,519.3% in the first quarter. Foundations Investment Advisors LLC now owns 175,884 shares of the company’s stock valued at $16,099,000 after buying an additional 172,754 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in Invesco S&P MidCap Quality ETF in the second quarter valued at $15,746,000. Envestnet Asset Management Inc. increased its holdings in Invesco S&P MidCap Quality ETF by 33.8% in the first quarter. Envestnet Asset Management Inc. now owns 578,294 shares of the company’s stock valued at $52,931,000 after buying an additional 146,209 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in Invesco S&P MidCap Quality ETF by 37.4% in the first quarter. Jones Financial Companies Lllp now owns 531,383 shares of the company’s stock valued at $48,632,000 after buying an additional 144,740 shares in the last quarter.

Invesco S&P MidCap Quality ETF Stock Performance

XMHQ opened at $102.77 on Friday. Invesco S&P MidCap Quality ETF has a fifty-two week low of $80.60 and a fifty-two week high of $109.79. The company has a fifty day moving average of $104.92 and a two-hundred day moving average of $100.25. The stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of 16.29 and a beta of 1.04.

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.