Orion Portfolio Solutions LLC Buys 23,174 Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Orion Portfolio Solutions LLC increased its stake in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 31.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 97,196 shares of the company’s stock after purchasing an additional 23,174 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $9,571,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Signature Estate & Investment Advisors LLC increased its position in Invesco S&P MidCap Quality ETF by 6.3% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 37,916 shares of the company’s stock valued at $3,734,000 after acquiring an additional 2,232 shares during the last quarter. Modern Wealth Management LLC purchased a new position in shares of Invesco S&P MidCap Quality ETF during the 4th quarter worth about $7,436,000. LPL Financial LLC grew its holdings in Invesco S&P MidCap Quality ETF by 7.7% during the 4th quarter. LPL Financial LLC now owns 5,341,244 shares of the company’s stock valued at $525,952,000 after purchasing an additional 381,123 shares during the last quarter. Sandy Spring Bank purchased a new stake in Invesco S&P MidCap Quality ETF in the 4th quarter worth about $6,920,000. Finally, Compass Ion Advisors LLC lifted its stake in Invesco S&P MidCap Quality ETF by 83.6% in the fourth quarter. Compass Ion Advisors LLC now owns 4,698 shares of the company’s stock worth $463,000 after purchasing an additional 2,139 shares during the last quarter.

Invesco S&P MidCap Quality ETF Price Performance

Shares of NYSEARCA:XMHQ opened at $91.52 on Friday. The firm has a market capitalization of $5.46 billion, a PE ratio of 15.57 and a beta of 1.07. The business has a 50 day simple moving average of $97.23 and a two-hundred day simple moving average of $100.68. Invesco S&P MidCap Quality ETF has a 1 year low of $88.70 and a 1 year high of $110.29.

Invesco S&P MidCap Quality ETF Cuts Dividend

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