Pearl Planning LLC Makes New Investment in Invesco S&P MidCap Quality ETF $XMHQ

Pearl Planning LLC acquired a new position in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 9,504 shares of the company’s stock, valued at approximately $973,000. Invesco S&P MidCap Quality ETF accounts for approximately 0.6% of Pearl Planning LLC’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its holdings in Invesco S&P MidCap Quality ETF by 127.2% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 259 shares of the company’s stock worth $27,000 after purchasing an additional 145 shares in the last quarter. Root Financial Partners LLC bought a new stake in Invesco S&P MidCap Quality ETF during the 3rd quarter worth approximately $36,000. Optima Capital LLC bought a new stake in Invesco S&P MidCap Quality ETF during the 4th quarter worth approximately $37,000. Clearstead Trust LLC increased its holdings in Invesco S&P MidCap Quality ETF by 276.7% during the 3rd quarter. Clearstead Trust LLC now owns 388 shares of the company’s stock worth $41,000 after purchasing an additional 285 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Invesco S&P MidCap Quality ETF by 1,420.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 441 shares of the company’s stock worth $46,000 after purchasing an additional 412 shares in the last quarter.

Invesco S&P MidCap Quality ETF Stock Performance

Shares of XMHQ opened at $109.89 on Friday. The stock has a 50 day moving average price of $105.58 and a two-hundred day moving average price of $105.06. The firm has a market capitalization of $5.31 billion, a P/E ratio of 16.29 and a beta of 0.98. Invesco S&P MidCap Quality ETF has a 52 week low of $95.06 and a 52 week high of $112.49.

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.