GGM Financials LLC Sells 9,651 Shares of Invesco S&P MidCap Quality ETF $XMHQ

GGM Financials LLC trimmed its position in shares of Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) by 54.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,018 shares of the company’s stock after selling 9,651 shares during the period. GGM Financials LLC’s holdings in Invesco S&P MidCap Quality ETF were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in shares of Invesco S&P MidCap Quality ETF by 6.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 1,273,426 shares of the company’s stock worth $116,557,000 after acquiring an additional 78,650 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Invesco S&P MidCap Quality ETF by 2.4% during the 1st quarter. Benjamin Edwards Inc. now owns 1,212,974 shares of the company’s stock valued at $111,024,000 after buying an additional 28,063 shares during the period. Raymond James Financial Inc. raised its holdings in Invesco S&P MidCap Quality ETF by 10.2% during the 1st quarter. Raymond James Financial Inc. now owns 1,037,099 shares of the company’s stock valued at $94,926,000 after buying an additional 96,324 shares during the period. Cetera Investment Advisers raised its holdings in Invesco S&P MidCap Quality ETF by 23.2% during the 1st quarter. Cetera Investment Advisers now owns 731,980 shares of the company’s stock valued at $66,998,000 after buying an additional 137,889 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Invesco S&P MidCap Quality ETF by 33.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 578,294 shares of the company’s stock valued at $52,931,000 after buying an additional 146,209 shares during the period.

Invesco S&P MidCap Quality ETF Stock Performance

NYSEARCA:XMHQ opened at $106.15 on Tuesday. The stock’s fifty day moving average is $104.85 and its 200 day moving average is $100.00. Invesco S&P MidCap Quality ETF has a fifty-two week low of $80.60 and a fifty-two week high of $109.79. The firm has a market capitalization of $5.32 billion, a PE ratio of 16.29 and a beta of 1.04.

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.