TrueWealth Advisors LLC Grows Position in Invesco S&P MidCap Quality ETF $XMHQ

TrueWealth Advisors LLC lifted its stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 1.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 62,395 shares of the company’s stock after buying an additional 1,049 shares during the quarter. Invesco S&P MidCap Quality ETF accounts for approximately 1.8% of TrueWealth Advisors LLC’s holdings, making the stock its 11th largest position. TrueWealth Advisors LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $6,130,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 6.6% in the first quarter. Commonwealth Equity Services LLC now owns 1,273,426 shares of the company’s stock worth $116,557,000 after buying an additional 78,650 shares in the last quarter. Benjamin Edwards Inc. increased its position in Invesco S&P MidCap Quality ETF by 2.4% in the first quarter. Benjamin Edwards Inc. now owns 1,212,974 shares of the company’s stock worth $111,024,000 after purchasing an additional 28,063 shares during the last quarter. Annex Advisory Services LLC increased its position in Invesco S&P MidCap Quality ETF by 5.4% in the first quarter. Annex Advisory Services LLC now owns 1,109,163 shares of the company’s stock worth $101,522,000 after purchasing an additional 56,559 shares during the last quarter. Raymond James Financial Inc. increased its position in Invesco S&P MidCap Quality ETF by 10.2% in the first quarter. Raymond James Financial Inc. now owns 1,037,099 shares of the company’s stock worth $94,926,000 after purchasing an additional 96,324 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Invesco S&P MidCap Quality ETF by 23.2% in the first quarter. Cetera Investment Advisers now owns 731,980 shares of the company’s stock worth $66,998,000 after purchasing an additional 137,889 shares during the last quarter.

Invesco S&P MidCap Quality ETF Stock Performance

Shares of XMHQ opened at $105.77 on Friday. The company’s fifty day moving average is $102.57 and its 200 day moving average is $97.03. Invesco S&P MidCap Quality ETF has a fifty-two week low of $80.60 and a fifty-two week high of $109.79. The stock has a market capitalization of $5.12 billion, a PE ratio of 16.29 and a beta of 1.03.

About Invesco S&P MidCap Quality ETF

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.