Kovack Advisors Inc. Has $340,000 Stock Position in Invesco S&P MidCap Quality ETF $XMHQ

Kovack Advisors Inc. cut its holdings in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 91.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,237 shares of the company’s stock after selling 36,477 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P MidCap Quality ETF were worth $340,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Hazlett Burt & Watson Inc. raised its stake in Invesco S&P MidCap Quality ETF by 127.2% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 259 shares of the company’s stock valued at $27,000 after purchasing an additional 145 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Invesco S&P MidCap Quality ETF in the 3rd quarter worth $36,000. Asset Dedication LLC bought a new position in shares of Invesco S&P MidCap Quality ETF during the 2nd quarter worth about $41,000. Qube Research & Technologies Ltd bought a new position in shares of Invesco S&P MidCap Quality ETF during the 2nd quarter worth about $44,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of Invesco S&P MidCap Quality ETF during the second quarter valued at about $77,000.

Invesco S&P MidCap Quality ETF Stock Performance

NYSEARCA XMHQ opened at $108.01 on Monday. Invesco S&P MidCap Quality ETF has a twelve month low of $80.60 and a twelve month high of $109.79. The stock has a market cap of $5.33 billion, a PE ratio of 16.29 and a beta of 1.04. The firm has a 50-day simple moving average of $106.51 and a 200 day simple moving average of $104.61.

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.