Precedent Wealth Partners LLC Increases Position in Invesco S&P MidCap Quality ETF $XMHQ

Precedent Wealth Partners LLC lifted its stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 14.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,134 shares of the company’s stock after buying an additional 11,392 shares during the period. Invesco S&P MidCap Quality ETF makes up approximately 2.1% of Precedent Wealth Partners LLC’s holdings, making the stock its 10th largest holding. Precedent Wealth Partners LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $9,460,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Symphony Financial Services Inc. grew its position in Invesco S&P MidCap Quality ETF by 1.8% during the 2nd quarter. Symphony Financial Services Inc. now owns 6,634 shares of the company’s stock worth $652,000 after acquiring an additional 119 shares during the last quarter. Signature Estate & Investment Advisors LLC boosted its stake in shares of Invesco S&P MidCap Quality ETF by 0.4% during the second quarter. Signature Estate & Investment Advisors LLC now owns 39,169 shares of the company’s stock valued at $3,848,000 after purchasing an additional 142 shares during the period. CWC Advisors LLC. grew its holdings in shares of Invesco S&P MidCap Quality ETF by 5.6% in the third quarter. CWC Advisors LLC. now owns 2,898 shares of the company’s stock worth $304,000 after purchasing an additional 154 shares during the last quarter. World Investment Advisors increased its stake in shares of Invesco S&P MidCap Quality ETF by 0.3% in the second quarter. World Investment Advisors now owns 53,894 shares of the company’s stock worth $5,295,000 after buying an additional 157 shares during the period. Finally, Johnson Investment Counsel Inc. raised its holdings in Invesco S&P MidCap Quality ETF by 4.5% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 3,678 shares of the company’s stock valued at $361,000 after buying an additional 158 shares during the last quarter.

Invesco S&P MidCap Quality ETF Stock Up 0.7%

Shares of XMHQ opened at $104.85 on Tuesday. The stock has a market capitalization of $5.26 billion, a P/E ratio of 16.29 and a beta of 1.04. Invesco S&P MidCap Quality ETF has a twelve month low of $80.60 and a twelve month high of $107.19. The firm has a fifty day simple moving average of $102.79 and a two-hundred day simple moving average of $102.30.

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.