Confluence Investment Management LLC Increases Position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Confluence Investment Management LLC increased its stake in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 543,291 shares of the company’s stock after buying an additional 24,968 shares during the quarter. Confluence Investment Management LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $53,498,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Boulder Wealth Advisors LLC raised its position in Invesco S&P MidCap Quality ETF by 6.4% during the 3rd quarter. Boulder Wealth Advisors LLC now owns 74,931 shares of the company’s stock worth $7,686,000 after buying an additional 4,479 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of Invesco S&P MidCap Quality ETF during the third quarter worth about $2,033,000. World Investment Advisors LLC raised its holdings in Invesco S&P MidCap Quality ETF by 114.9% during the third quarter. World Investment Advisors LLC now owns 49,962 shares of the company’s stock worth $5,125,000 after purchasing an additional 26,708 shares in the last quarter. Capstone Capital LLC acquired a new stake in Invesco S&P MidCap Quality ETF in the third quarter valued at about $218,000. Finally, Continuum Advisory LLC boosted its holdings in Invesco S&P MidCap Quality ETF by 17.2% in the 3rd quarter. Continuum Advisory LLC now owns 2,369 shares of the company’s stock valued at $246,000 after purchasing an additional 347 shares in the last quarter.

Invesco S&P MidCap Quality ETF Price Performance

Shares of XMHQ stock traded up $0.24 during trading hours on Thursday, reaching $98.71. 79,528 shares of the company’s stock were exchanged, compared to its average volume of 370,411. The company’s 50 day moving average is $103.66 and its two-hundred day moving average is $101.19. The company has a market cap of $4.42 billion, a P/E ratio of 16.29 and a beta of 1.15. Invesco S&P MidCap Quality ETF has a 1 year low of $86.38 and a 1 year high of $110.61.

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.