Merit Financial Group LLC Purchases 48,985 Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Merit Financial Group LLC boosted its position in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 130.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,602 shares of the company’s stock after buying an additional 48,985 shares during the period. Merit Financial Group LLC owned approximately 0.19% of Invesco S&P MidCap Quality ETF worth $8,528,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in shares of Invesco S&P MidCap Quality ETF during the 3rd quarter valued at approximately $31,000. MidAtlantic Capital Management Inc. bought a new position in Invesco S&P MidCap Quality ETF during the third quarter valued at $77,000. Pinnacle Bancorp Inc. bought a new stake in shares of Invesco S&P MidCap Quality ETF in the 4th quarter worth about $79,000. Private Trust Co. NA raised its position in shares of Invesco S&P MidCap Quality ETF by 20.3% during the 3rd quarter. Private Trust Co. NA now owns 1,322 shares of the company’s stock valued at $136,000 after buying an additional 223 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 318.4% in the 3rd quarter. Assetmark Inc. now owns 1,753 shares of the company’s stock valued at $180,000 after acquiring an additional 1,334 shares during the last quarter.

Invesco S&P MidCap Quality ETF Price Performance

Shares of NYSEARCA XMHQ opened at $102.32 on Friday. Invesco S&P MidCap Quality ETF has a 1-year low of $87.85 and a 1-year high of $110.61. The business’s 50 day moving average is $103.28 and its two-hundred day moving average is $101.13. The stock has a market capitalization of $4.58 billion, a P/E ratio of 16.29 and a beta of 1.15.

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.