Sax Wealth Advisors LLC Acquires 27,828 Shares of Invesco S&P MidCap Quality ETF $XMHQ

Sax Wealth Advisors LLC lifted its holdings in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,398 shares of the company’s stock after purchasing an additional 27,828 shares during the quarter. Invesco S&P MidCap Quality ETF accounts for approximately 0.9% of Sax Wealth Advisors LLC’s portfolio, making the stock its 22nd largest position. Sax Wealth Advisors LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $19,603,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of XMHQ. Vantagepoint Investment Advisers LLC purchased a new stake in Invesco S&P MidCap Quality ETF in the third quarter valued at approximately $158,090,000. Thrivent Financial for Lutherans grew its stake in Invesco S&P MidCap Quality ETF by 57.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 604,422 shares of the company’s stock worth $59,378,000 after buying an additional 220,687 shares in the last quarter. CWM LLC grew its stake in Invesco S&P MidCap Quality ETF by 836.7% in the 3rd quarter. CWM LLC now owns 118,759 shares of the company’s stock worth $12,465,000 after buying an additional 106,081 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Invesco S&P MidCap Quality ETF by 17.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 706,521 shares of the company’s stock worth $74,248,000 after buying an additional 102,731 shares during the last quarter. Finally, Equitable Trust Co. bought a new position in shares of Invesco S&P MidCap Quality ETF in the 3rd quarter worth $9,283,000.

Invesco S&P MidCap Quality ETF Stock Performance

Invesco S&P MidCap Quality ETF stock opened at $103.81 on Thursday. 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 stock has a market cap of $5.13 billion, a P/E ratio of 16.29 and a beta of 1.04. The firm’s fifty day moving average price is $106.41 and its 200-day moving average price is $104.79.

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.