Sandy Spring Bank Makes New Investment in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Sandy Spring Bank bought a new position in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 70,271 shares of the company’s stock, valued at approximately $6,920,000. Sandy Spring Bank owned 0.16% of Invesco S&P MidCap Quality ETF at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. LPL Financial LLC raised its stake in 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 worth $508,809,000 after purchasing an additional 356,196 shares during the period. Stifel Financial Corp raised its stake in Invesco S&P MidCap Quality ETF by 8.0% during the third quarter. Stifel Financial Corp now owns 1,668,901 shares of the company’s stock worth $171,196,000 after purchasing an additional 124,140 shares during the period. Commonwealth Equity Services LLC raised its stake in Invesco S&P MidCap Quality ETF by 6.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,194,776 shares of the company’s stock worth $117,650,000 after purchasing an additional 76,889 shares during the period. Benjamin Edwards Inc. raised its stake in Invesco S&P MidCap Quality ETF by 2,305.0% during 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 during the period. Finally, Thrivent Financial for Lutherans raised its stake in Invesco S&P MidCap Quality ETF by 11.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,061,614 shares of the company’s stock worth $107,592,000 after purchasing an additional 112,953 shares during the period.

Invesco S&P MidCap Quality ETF Price Performance

Shares of XMHQ stock opened at $93.30 on Thursday. The firm’s 50-day moving average is $98.18 and its two-hundred day moving average is $100.89. Invesco S&P MidCap Quality ETF has a 12 month low of $88.70 and a 12 month high of $110.61. The company has a market capitalization of $5.56 billion, a PE ratio of 15.57 and a beta of 1.07.

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.