NBZ Investment Advisors LLC Invests $7.52 Million in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

NBZ Investment Advisors LLC purchased a new stake in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 76,374 shares of the company’s stock, valued at approximately $7,521,000. Invesco S&P MidCap Quality ETF accounts for 4.2% of NBZ Investment Advisors LLC’s portfolio, making the stock its 8th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LPL Financial LLC lifted its stake in Invesco S&P MidCap Quality ETF by 7.7% during the fourth quarter. LPL Financial LLC now owns 5,341,244 shares of the company’s stock worth $525,952,000 after purchasing an additional 381,123 shares during the last quarter. Stifel Financial Corp increased its stake in Invesco S&P MidCap Quality ETF by 8.0% in the 3rd 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. Commonwealth Equity Services LLC lifted its stake in Invesco S&P MidCap Quality ETF by 6.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,194,776 shares of the company’s stock valued at $117,650,000 after buying an additional 76,889 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of 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 acquiring an additional 1,076,075 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Invesco S&P MidCap Quality ETF by 11.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,061,614 shares of the company’s stock worth $107,592,000 after purchasing an additional 112,953 shares during the period.

Invesco S&P MidCap Quality ETF Stock Down 0.4 %

Shares of NYSEARCA:XMHQ opened at $93.22 on Friday. The company’s fifty day moving average is $97.44 and its two-hundred day moving average is $100.71. The company has a market cap of $5.56 billion, a P/E ratio of 15.57 and a beta of 1.07. Invesco S&P MidCap Quality ETF has a 12-month low of $88.70 and a 12-month high of $110.61.

Invesco S&P MidCap Quality ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.1895 per share. The ex-dividend date is Monday, March 24th.

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.