BNB Wealth Management LLC Takes $1.73 Million Position in Invesco S&P MidCap Quality ETF $XMHQ

BNB Wealth Management LLC bought a new stake in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,842 shares of the company’s stock, valued at approximately $1,725,000. Invesco S&P MidCap Quality ETF makes up about 1.1% of BNB Wealth Management LLC’s holdings, making the stock its 28th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Morgan Stanley lifted its holdings in Invesco S&P MidCap Quality ETF by 11.7% in the 4th quarter. Morgan Stanley now owns 2,413,021 shares of the company’s stock valued at $247,142,000 after purchasing an additional 252,612 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Invesco S&P MidCap Quality ETF by 6.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,450,044 shares of the company’s stock valued at $142,446,000 after purchasing an additional 83,853 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Invesco S&P MidCap Quality ETF by 11.6% in the 4th quarter. Cetera Investment Advisers now owns 1,307,111 shares of the company’s stock valued at $133,874,000 after purchasing an additional 135,380 shares in the last quarter. Bank of America Corp DE lifted its holdings in Invesco S&P MidCap Quality ETF by 15.1% in the 3rd quarter. Bank of America Corp DE now owns 650,657 shares of the company’s stock valued at $68,293,000 after purchasing an additional 85,149 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Invesco S&P MidCap Quality ETF by 8.2% in the 4th quarter. Wells Fargo & Company MN now owns 563,133 shares of the company’s stock valued at $57,676,000 after purchasing an additional 42,658 shares in the last quarter.

Invesco S&P MidCap Quality ETF Stock Performance

Shares of XMHQ stock opened at $110.15 on Thursday. The stock’s fifty day moving average is $108.86 and its two-hundred day moving average is $106.56. The firm has a market capitalization of $5.32 billion, a P/E ratio of 16.29 and a beta of 0.98. Invesco S&P MidCap Quality ETF has a fifty-two week low of $95.07 and a fifty-two week high of $113.29.

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.