Raymond James Financial Inc. Makes New $92.64 Million Investment in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Raymond James Financial Inc. acquired a new position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) during the fourth quarter, HoldingsChannel reports. The fund acquired 940,775 shares of the company’s stock, valued at approximately $92,638,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of XMHQ. Benjamin Edwards Inc. boosted its stake in Invesco S&P MidCap Quality ETF by 2,305.0% in the third quarter. Benjamin Edwards Inc. now owns 1,122,759 shares of the company’s stock worth $115,172,000 after purchasing an additional 1,076,075 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Invesco S&P MidCap Quality ETF by 100.9% during the third quarter. Thrivent Financial for Lutherans now owns 948,661 shares of the company’s stock valued at $97,314,000 after acquiring an additional 476,567 shares during the period. HighTower Advisors LLC lifted its stake in shares of Invesco S&P MidCap Quality ETF by 93.0% during the third quarter. HighTower Advisors LLC now owns 752,283 shares of the company’s stock valued at $77,168,000 after acquiring an additional 362,451 shares during the period. LPL Financial LLC lifted its stake in shares of Invesco S&P MidCap Quality ETF by 7.7% during the third quarter. LPL Financial LLC now owns 4,960,121 shares of the company’s stock valued at $508,809,000 after acquiring an additional 356,196 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Invesco S&P MidCap Quality ETF by 80.3% during the fourth quarter. Jones Financial Companies Lllp now owns 386,643 shares of the company’s stock valued at $38,073,000 after acquiring an additional 172,184 shares during the period.

Invesco S&P MidCap Quality ETF Stock Up 1.0 %

Shares of XMHQ opened at $93.59 on Monday. Invesco S&P MidCap Quality ETF has a 12-month low of $91.09 and a 12-month high of $110.61. The firm has a market capitalization of $5.72 billion, a PE ratio of 15.52 and a beta of 1.07. The stock’s fifty day simple moving average is $99.34 and its 200-day simple moving average is $101.41.

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.