BAM Wealth Management LLC Purchases New Position in Invesco S&P MidCap Quality ETF $XMHQ

BAM Wealth Management LLC acquired a new stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,721 shares of the company’s stock, valued at approximately $600,000.

Several other hedge funds also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in shares of Invesco S&P MidCap Quality ETF in the 3rd quarter valued at about $36,000. Asset Dedication LLC acquired a new position in Invesco S&P MidCap Quality ETF during the second quarter worth approximately $41,000. Qube Research & Technologies Ltd purchased a new stake in Invesco S&P MidCap Quality ETF in the second quarter valued at approximately $44,000. Financial Gravity Companies Inc. acquired a new stake in shares of Invesco S&P MidCap Quality ETF in the second quarter valued at approximately $77,000. Finally, Cresset Asset Management LLC purchased a new position in shares of Invesco S&P MidCap Quality ETF during the second quarter worth approximately $201,000.

Invesco S&P MidCap Quality ETF Price Performance

Shares of Invesco S&P MidCap Quality ETF stock opened at $108.34 on Friday. The firm’s fifty day simple moving average is $104.14 and its 200-day simple moving average is $103.63. Invesco S&P MidCap Quality ETF has a 12 month low of $80.60 and a 12 month high of $109.79. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 16.29 and a beta of 1.04.

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.