Eastern Bank Increases Position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Eastern Bank increased its holdings in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 511,978 shares of the company’s stock after acquiring an additional 8,218 shares during the quarter. Invesco S&P MidCap Quality ETF comprises 0.9% of Eastern Bank’s investment portfolio, making the stock its 25th biggest position. Eastern Bank owned about 1.14% of Invesco S&P MidCap Quality ETF worth $52,519,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Century Financial Group LLC purchased a new position in Invesco S&P MidCap Quality ETF during the first quarter worth about $209,000. US Bancorp DE boosted its stake in Invesco S&P MidCap Quality ETF by 17.3% during the first quarter. US Bancorp DE now owns 38,231 shares of the company’s stock valued at $4,207,000 after buying an additional 5,633 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Invesco S&P MidCap Quality ETF in the 2nd quarter valued at approximately $231,000. Breakwater Capital Group grew its holdings in shares of Invesco S&P MidCap Quality ETF by 12.3% during the 1st quarter. Breakwater Capital Group now owns 7,407 shares of the company’s stock valued at $815,000 after acquiring an additional 811 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Invesco S&P MidCap Quality ETF by 10.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 31,191 shares of the company’s stock worth $3,433,000 after buying an additional 2,869 shares during the last quarter.

Invesco S&P MidCap Quality ETF Stock Down 1.7 %

NYSEARCA XMHQ traded down $1.73 during midday trading on Tuesday, hitting $102.06. The company had a trading volume of 214,833 shares, compared to its average volume of 377,798. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 16.29 and a beta of 1.15. Invesco S&P MidCap Quality ETF has a fifty-two week low of $75.29 and a fifty-two week high of $110.61. The firm has a fifty day simple moving average of $100.66 and a two-hundred day simple moving average of $101.85.

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.