Smith Moore & CO. Buys 3,632 Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Smith Moore & CO. grew its position in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,844 shares of the company’s stock after buying an additional 3,632 shares during the period. Invesco S&P MidCap Quality ETF accounts for 0.9% of Smith Moore & CO.’s investment portfolio, making the stock its 21st largest position. Smith Moore & CO.’s holdings in Invesco S&P MidCap Quality ETF were worth $9,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XMHQ. Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P MidCap Quality ETF in the fourth quarter worth $92,638,000. LPL Financial LLC lifted its stake in Invesco S&P MidCap Quality ETF by 7.7% in the fourth quarter. LPL Financial LLC now owns 5,341,244 shares of the company’s stock worth $525,952,000 after purchasing an additional 381,123 shares during the last quarter. Independent Advisor Alliance increased its holdings in shares of Invesco S&P MidCap Quality ETF by 1,709.1% in the fourth quarter. Independent Advisor Alliance now owns 235,333 shares of the company’s stock worth $23,173,000 after buying an additional 222,325 shares during the period. Jones Financial Companies Lllp increased its stake in Invesco S&P MidCap Quality ETF by 80.3% in the 4th quarter. Jones Financial Companies Lllp now owns 386,643 shares of the company’s stock worth $38,073,000 after purchasing an additional 172,184 shares during the period. Finally, Annex Advisory Services LLC raised its holdings in Invesco S&P MidCap Quality ETF by 15.9% during the 4th quarter. Annex Advisory Services LLC now owns 1,052,604 shares of the company’s stock valued at $103,650,000 after buying an additional 144,450 shares during the last quarter.

Invesco S&P MidCap Quality ETF Price Performance

Shares of NYSEARCA:XMHQ opened at $88.57 on Friday. Invesco S&P MidCap Quality ETF has a 1 year low of $88.03 and a 1 year high of $109.79. The company has a market cap of $5.21 billion, a PE ratio of 15.97 and a beta of 1.07. The stock’s 50-day moving average is $96.28 and its 200 day moving average is $100.53.

Invesco S&P MidCap Quality ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.1895 dividend. The ex-dividend date was Monday, March 24th.

Invesco S&P MidCap Quality ETF 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.