Sovran Advisors LLC Makes New Investment in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Sovran Advisors LLC bought a new position in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 64,336 shares of the company’s stock, valued at approximately $6,402,000. Invesco S&P MidCap Quality ETF comprises 0.9% of Sovran Advisors LLC’s portfolio, making the stock its 25th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oakworth Capital Inc. acquired a new position in Invesco S&P MidCap Quality ETF during the 4th quarter worth $28,000. NBC Securities Inc. bought a new position in shares of 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 during the 3rd quarter worth about $77,000. Pinnacle Bancorp Inc. bought a new position in shares of Invesco S&P MidCap Quality ETF during the 4th quarter worth about $79,000. Finally, Private Trust Co. NA increased its holdings 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 purchasing an additional 223 shares during the period.

Invesco S&P MidCap Quality ETF Stock Performance

NYSEARCA:XMHQ opened at $100.96 on Tuesday. The firm’s 50-day moving average is $102.15 and its 200-day moving average is $101.59. Invesco S&P MidCap Quality ETF has a 52-week low of $91.95 and a 52-week high of $110.61. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 16.29 and a beta of 1.15.

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.