Focus Financial Network Inc. Raises Stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Focus Financial Network Inc. boosted its holdings in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 5.6% during the 4th quarter, Holdings Channel reports. The firm owned 281,815 shares of the company’s stock after buying an additional 14,892 shares during the period. Invesco S&P MidCap Quality ETF comprises about 1.1% of Focus Financial Network Inc.’s portfolio, making the stock its 13th biggest holding. Focus Financial Network Inc.’s holdings in Invesco S&P MidCap Quality ETF were worth $27,750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Oakworth Capital Inc. purchased a new stake in Invesco S&P MidCap Quality ETF in the 4th quarter worth about $28,000. NBC Securities Inc. bought a new position in Invesco S&P MidCap Quality ETF during the 3rd quarter worth about $31,000. MidAtlantic Capital Management Inc. bought a new position in shares of Invesco S&P MidCap Quality ETF in the 3rd quarter worth $77,000. Pinnacle Bancorp Inc. purchased a new position in shares of Invesco S&P MidCap Quality ETF in the 4th quarter worth approximately $79,000. Finally, Private Trust Co. NA raised its stake 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 worth $136,000 after acquiring an additional 223 shares in the last quarter.

Invesco S&P MidCap Quality ETF Trading Up 0.1 %

Shares of XMHQ opened at $100.96 on Tuesday. The firm has a market cap of $4.52 billion, a PE ratio of 16.29 and a beta of 1.15. The stock has a fifty day moving average price of $102.15 and a 200-day moving average price of $101.59. Invesco S&P MidCap Quality ETF has a 12 month low of $91.95 and a 12 month high of $110.61.

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.