Kovack Advisors Inc. Acquires 2,723 Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Kovack Advisors Inc. lifted its holdings in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,584 shares of the company’s stock after acquiring an additional 2,723 shares during the quarter. Kovack Advisors Inc. owned approximately 0.28% of Invesco S&P MidCap Quality ETF worth $3,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XMHQ. Angeles Wealth Management LLC purchased a new stake in Invesco S&P MidCap Quality ETF in the third quarter worth $43,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Invesco S&P MidCap Quality ETF in the fourth quarter worth $66,000. Ancora Advisors LLC purchased a new stake in shares of Invesco S&P MidCap Quality ETF in the third quarter worth $68,000. Private Trust Co. NA grew its stake in shares of Invesco S&P MidCap Quality ETF by 221.9% in the third quarter. Private Trust Co. NA now owns 1,088 shares of the company’s stock worth $88,000 after acquiring an additional 750 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Invesco S&P MidCap Quality ETF by 13.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,415 shares of the company’s stock worth $126,000 after acquiring an additional 170 shares during the last quarter.

Invesco S&P MidCap Quality ETF Stock Up 0.1 %

Shares of NYSEARCA XMHQ traded up $0.11 during trading on Friday, reaching $104.36. The company had a trading volume of 332,338 shares, compared to its average volume of 375,883. Invesco S&P MidCap Quality ETF has a 12-month low of $71.76 and a 12-month high of $110.61. The stock has a market cap of $4.53 billion, a PE ratio of 16.43 and a beta of 1.15. The business’s 50-day moving average is $105.47 and its 200 day moving average is $92.69.

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.