Riverchase Wealth Management LLC Takes Position in Invesco S&P MidCap Quality ETF $XMHQ

Riverchase Wealth Management LLC acquired a new stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 9,362 shares of the company’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also modified their holdings of XMHQ. Morgan Stanley raised its stake in Invesco S&P MidCap Quality ETF by 11.7% during the fourth quarter. Morgan Stanley now owns 2,413,021 shares of the company’s stock worth $247,142,000 after acquiring an additional 252,612 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Invesco S&P MidCap Quality ETF by 6.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,450,044 shares of the company’s stock valued at $142,446,000 after purchasing an additional 83,853 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco S&P MidCap Quality ETF by 7.3% in the 1st quarter. Cetera Investment Advisers now owns 1,402,483 shares of the company’s stock worth $144,975,000 after purchasing an additional 95,372 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Invesco S&P MidCap Quality ETF by 2.1% in the 1st quarter. Bank of America Corp DE now owns 657,026 shares of the company’s stock worth $67,917,000 after purchasing an additional 13,566 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Invesco S&P MidCap Quality ETF by 8.2% during the 4th quarter. Wells Fargo & Company MN now owns 563,133 shares of the company’s stock worth $57,676,000 after purchasing an additional 42,658 shares in the last quarter.

Invesco S&P MidCap Quality ETF Stock Down 0.2%

Shares of XMHQ stock opened at $119.05 on Thursday. Invesco S&P MidCap Quality ETF has a 12-month low of $97.49 and a 12-month high of $119.79. The company has a market capitalization of $5.65 billion, a P/E ratio of 16.29 and a beta of 0.97. The firm has a 50-day moving average price of $113.23 and a 200 day moving average price of $109.08.

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.