Steelhead Wealth Management LLC Takes $2.48 Million Position in Invesco S&P MidCap Quality ETF $XMHQ

Steelhead Wealth Management LLC bought a new stake in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,033 shares of the company’s stock, valued at approximately $2,484,000. Invesco S&P MidCap Quality ETF makes up approximately 1.3% of Steelhead Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in Invesco S&P MidCap Quality ETF by 93.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 302 shares of the company’s stock worth $31,000 after buying an additional 146 shares in the last quarter. SHP Wealth Management acquired a new position in shares of Invesco S&P MidCap Quality ETF in the 4th quarter valued at $33,000. Optima Capital LLC acquired a new position in shares of Invesco S&P MidCap Quality ETF in the 4th quarter valued at $37,000. Russell Investments Group Ltd. lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 1,420.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 441 shares of the company’s stock worth $46,000 after acquiring an additional 412 shares during the period. Finally, 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.

Invesco S&P MidCap Quality ETF Stock Performance

Shares of Invesco S&P MidCap Quality ETF stock opened at $114.92 on Monday. The firm’s 50-day simple moving average is $111.98 and its 200-day simple moving average is $108.52. Invesco S&P MidCap Quality ETF has a twelve month low of $97.49 and a twelve month high of $115.65. The firm has a market cap of $5.46 billion, a P/E ratio of 16.29 and a beta of 0.97.

Invesco S&P MidCap Quality ETF Company 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.