Concentrum Wealth Management Purchases 3,097 Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Concentrum Wealth Management increased its position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,069 shares of the company’s stock after buying an additional 3,097 shares during the period. Invesco S&P MidCap Quality ETF accounts for 1.0% of Concentrum Wealth Management’s portfolio, making the stock its 20th largest holding. Concentrum Wealth Management’s holdings in Invesco S&P MidCap Quality ETF were worth $2,862,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trek Financial LLC increased its stake in shares of Invesco S&P MidCap Quality ETF by 44.0% in the fourth quarter. Trek Financial LLC now owns 7,551 shares of the company’s stock worth $744,000 after purchasing an additional 2,306 shares during the period. Titleist Asset Management LLC increased its position in Invesco S&P MidCap Quality ETF by 21.8% in the 4th quarter. Titleist Asset Management LLC now owns 41,451 shares of the company’s stock worth $4,082,000 after buying an additional 7,432 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 23.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 432,085 shares of the company’s stock worth $42,547,000 after buying an additional 81,191 shares during the last quarter. Perennial Investment Advisors LLC boosted its position in shares of Invesco S&P MidCap Quality ETF by 29.3% in the fourth quarter. Perennial Investment Advisors LLC now owns 50,988 shares of the company’s stock valued at $5,023,000 after acquiring an additional 11,545 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Invesco S&P MidCap Quality ETF by 54.0% in the fourth quarter. Wells Fargo & Company MN now owns 260,212 shares of the company’s stock valued at $25,623,000 after acquiring an additional 91,276 shares during the period.

Invesco S&P MidCap Quality ETF Price Performance

Shares of Invesco S&P MidCap Quality ETF stock opened at $84.95 on Monday. Invesco S&P MidCap Quality ETF has a fifty-two week low of $83.28 and a fifty-two week high of $109.79. The company has a market cap of $5.00 billion, a PE ratio of 15.97 and a beta of 1.07. The firm has a fifty day moving average price of $95.90 and a two-hundred day moving average price of $100.42.

Invesco S&P MidCap Quality ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.1895 per share. The ex-dividend date was Monday, March 24th.

Invesco S&P MidCap Quality ETF Company 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.