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

Synergy Investment 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 1,318 shares of the company’s stock, valued at approximately $130,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XMHQ. US Bancorp DE boosted its holdings in shares of Invesco S&P MidCap Quality ETF by 12.5% in the third quarter. US Bancorp DE now owns 46,878 shares of the company’s stock valued at $4,809,000 after acquiring an additional 5,224 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Invesco S&P MidCap Quality ETF by 2.6% in the third quarter. Janney Montgomery Scott LLC now owns 106,811 shares of the company’s stock valued at $10,957,000 after acquiring an additional 2,735 shares in the last quarter. Ameritas Advisory Services LLC boosted its holdings in shares of Invesco S&P MidCap Quality ETF by 4.7% in the third quarter. Ameritas Advisory Services LLC now owns 41,062 shares of the company’s stock valued at $4,212,000 after acquiring an additional 1,842 shares in the last quarter. Financial Partners Group Inc boosted its holdings in shares of Invesco S&P MidCap Quality ETF by 6.3% in the third quarter. Financial Partners Group Inc now owns 208,080 shares of the company’s stock valued at $21,345,000 after acquiring an additional 12,418 shares in the last quarter. Finally, Advisor Resource Council purchased a new stake in shares of Invesco S&P MidCap Quality ETF in the third quarter valued at about $405,000.

Invesco S&P MidCap Quality ETF Stock Down 1.3 %

Shares of NYSEARCA:XMHQ opened at $92.64 on Wednesday. Invesco S&P MidCap Quality ETF has a fifty-two week low of $91.15 and a fifty-two week high of $110.61. The firm’s 50-day simple moving average is $99.75 and its 200-day simple moving average is $101.54. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 15.52 and a beta of 1.07.

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.