Andina Capital Management LLC Takes Position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Andina Capital Management LLC bought a new stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,600 shares of the company’s stock, valued at approximately $847,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XMHQ. NBC Securities Inc. acquired a new stake in shares of Invesco S&P MidCap Quality ETF in the third quarter valued at about $31,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Invesco S&P MidCap Quality ETF in the third quarter valued at about $77,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Invesco S&P MidCap Quality ETF in the fourth quarter valued at about $79,000. Private Trust Co. NA lifted its stake in shares of Invesco S&P MidCap Quality ETF by 20.3% in the third quarter. Private Trust Co. NA now owns 1,322 shares of the company’s stock valued at $136,000 after purchasing an additional 223 shares during the period. Finally, Assetmark Inc. lifted its stake in shares of Invesco S&P MidCap Quality ETF by 318.4% in the third quarter. Assetmark Inc. now owns 1,753 shares of the company’s stock valued at $180,000 after purchasing an additional 1,334 shares during the period.

Invesco S&P MidCap Quality ETF Stock Down 0.2 %

Shares of NYSEARCA XMHQ opened at $103.87 on Friday. Invesco S&P MidCap Quality ETF has a 52 week low of $90.18 and a 52 week high of $110.61. The firm has a 50-day moving average price of $103.13 and a 200 day moving average price of $101.43. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 16.29 and a beta of 1.15.

About Invesco S&P MidCap Quality ETF

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.