Modern Wealth Management LLC Acquires 17,262 Shares of Invesco S&P MidCap Quality ETF $XMHQ

Modern Wealth Management LLC boosted its holdings in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 25.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,576 shares of the company’s stock after buying an additional 17,262 shares during the period. Modern Wealth Management LLC owned approximately 0.17% of Invesco S&P MidCap Quality ETF worth $7,833,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in XMHQ. Crestwood Advisors Group LLC bought a new position in Invesco S&P MidCap Quality ETF in the 1st quarter worth approximately $27,231,000. UMB Bank n.a. increased its position in shares of Invesco S&P MidCap Quality ETF by 156.2% during the first quarter. UMB Bank n.a. now owns 289,341 shares of the company’s stock valued at $26,483,000 after purchasing an additional 176,416 shares during the period. Foundations Investment Advisors LLC increased its position in shares of Invesco S&P MidCap Quality ETF by 5,519.3% during the first quarter. Foundations Investment Advisors LLC now owns 175,884 shares of the company’s stock valued at $16,099,000 after purchasing an additional 172,754 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Invesco S&P MidCap Quality ETF by 33.8% during the first quarter. Envestnet Asset Management Inc. now owns 578,294 shares of the company’s stock valued at $52,931,000 after purchasing an additional 146,209 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of Invesco S&P MidCap Quality ETF by 37.4% during the first quarter. Jones Financial Companies Lllp now owns 531,383 shares of the company’s stock valued at $48,632,000 after purchasing an additional 144,740 shares during the period.

Invesco S&P MidCap Quality ETF Trading Up 2.3%

XMHQ opened at $107.10 on Friday. The stock has a market cap of $5.18 billion, a PE ratio of 16.29 and a beta of 1.03. Invesco S&P MidCap Quality ETF has a 1 year low of $80.60 and a 1 year high of $109.79. The stock’s 50 day simple moving average is $102.48 and its 200-day simple moving average is $96.96.

Invesco S&P MidCap Quality ETF 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.