Financial Freedom LLC Sells 4,218 Shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Financial Freedom LLC lowered its holdings in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 17.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,787 shares of the company’s stock after selling 4,218 shares during the period. Invesco S&P MidCap Quality ETF makes up 1.0% of Financial Freedom LLC’s investment portfolio, making the stock its 26th largest holding. Financial Freedom LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $1,811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in XMHQ. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Invesco S&P MidCap Quality ETF during the fourth quarter valued at approximately $26,000. Bellwether Advisors LLC purchased a new stake in Invesco S&P MidCap Quality ETF during the fourth quarter valued at approximately $28,000. NBC Securities Inc. purchased a new stake in Invesco S&P MidCap Quality ETF during the first quarter valued at approximately $43,000. Synergy Investment Management LLC purchased a new stake in Invesco S&P MidCap Quality ETF during the fourth quarter valued at approximately $130,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in Invesco S&P MidCap Quality ETF during the fourth quarter valued at approximately $132,000.

Invesco S&P MidCap Quality ETF Trading Up 0.6%

Shares of XMHQ stock opened at $96.89 on Tuesday. Invesco S&P MidCap Quality ETF has a 12 month low of $80.60 and a 12 month high of $109.79. The stock has a market cap of $4.92 billion, a P/E ratio of 18.03 and a beta of 1.04. The company has a 50 day simple moving average of $94.57 and a two-hundred day simple moving average of $96.96.

About Invesco S&P MidCap Quality ETF

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.