Pasadena Private Wealth LLC Invests $8.01 Million in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Pasadena Private Wealth LLC purchased a new stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 81,301 shares of the company’s stock, valued at approximately $8,006,000. Invesco S&P MidCap Quality ETF accounts for about 1.6% of Pasadena Private Wealth LLC’s investment portfolio, making the stock its 16th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LPL Financial LLC lifted its position in Invesco S&P MidCap Quality ETF by 7.7% in 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. Stifel Financial Corp raised its position in Invesco S&P MidCap Quality ETF by 8.0% in the third quarter. Stifel Financial Corp now owns 1,668,901 shares of the company’s stock worth $171,196,000 after purchasing an additional 124,140 shares in the last quarter. Benjamin Edwards Inc. boosted 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 in the last quarter. Annex Advisory Services LLC grew its stake in shares of Invesco S&P MidCap Quality ETF by 15.9% in the 4th quarter. Annex Advisory Services LLC now owns 1,052,604 shares of the company’s stock valued at $103,650,000 after purchasing an additional 144,450 shares during the period. Finally, Thrivent Financial for Lutherans raised 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 buying an additional 476,567 shares in the last quarter.

Invesco S&P MidCap Quality ETF Price Performance

Invesco S&P MidCap Quality ETF stock opened at $100.71 on Wednesday. The business has a 50 day simple moving average of $101.07 and a 200 day simple moving average of $101.56. Invesco S&P MidCap Quality ETF has a one year low of $91.95 and a one year high of $110.61. The company has a market capitalization of $4.51 billion, a PE ratio of 16.29 and a beta of 1.15.

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.