Principle Wealth Partners LLC Reduces Stake in Invesco S&P MidCap Quality ETF $XMHQ

Principle Wealth Partners LLC lowered its stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 6.0% in the 2nd quarter, Holdings Channel reports. The firm owned 67,824 shares of the company’s stock after selling 4,335 shares during the quarter. Principle Wealth Partners LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $6,663,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital Analysts LLC lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 51.6% in the first quarter. Capital Analysts LLC now owns 482 shares of the company’s stock worth $44,000 after buying an additional 164 shares in the last quarter. Valley National Advisers Inc. bought a new stake in Invesco S&P MidCap Quality ETF during the 1st quarter worth approximately $79,000. Hughes Financial Services LLC purchased a new stake in Invesco S&P MidCap Quality ETF in the 1st quarter worth approximately $99,000. Pinnacle Bancorp Inc. boosted its holdings in Invesco S&P MidCap Quality ETF by 38.9% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the company’s stock valued at $123,000 after purchasing an additional 350 shares during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Invesco S&P MidCap Quality ETF by 10.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,714 shares of the company’s stock valued at $157,000 after purchasing an additional 159 shares during the period.

Invesco S&P MidCap Quality ETF Price Performance

XMHQ opened at $103.35 on Thursday. The firm has a market capitalization of $5.17 billion, a P/E ratio of 16.29 and a beta of 1.03. Invesco S&P MidCap Quality ETF has a one year low of $80.60 and a one year high of $109.79. The company has a fifty day moving average price of $104.67 and a 200-day moving average price of $99.38.

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.