Sandy Spring Bank Invests $6.92 Million in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ)

Sandy Spring Bank acquired a new position in Invesco S&P MidCap Quality ETF (NYSEARCA:XMHQ) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 70,271 shares of the company’s stock, valued at approximately $6,920,000.

Several other large investors have also recently made changes to their positions in the stock. Sheets Smith Wealth Management lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 1.4% in the 4th quarter. Sheets Smith Wealth Management now owns 11,458 shares of the company’s stock worth $1,128,000 after acquiring an additional 159 shares during the last quarter. Key Client Fiduciary Advisors LLC lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 2.2% in the 4th quarter. Key Client Fiduciary Advisors LLC now owns 7,738 shares of the company’s stock worth $762,000 after acquiring an additional 165 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 20.3% in the 3rd quarter. Private Trust Co. NA now owns 1,322 shares of the company’s stock worth $136,000 after acquiring an additional 223 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Invesco S&P MidCap Quality ETF by 1.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 12,973 shares of the company’s stock worth $1,331,000 after acquiring an additional 231 shares during the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in Invesco S&P MidCap Quality ETF by 7.5% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,063 shares of the company’s stock worth $400,000 after buying an additional 285 shares during the period.

Invesco S&P MidCap Quality ETF Stock Up 1.5 %

Shares of XMHQ opened at $93.30 on Thursday. Invesco S&P MidCap Quality ETF has a fifty-two week low of $88.70 and a fifty-two week high of $110.61. The firm’s 50 day moving average price is $98.18 and its 200 day moving average price is $100.89. The company has a market cap of $5.56 billion, a P/E ratio of 15.57 and a beta of 1.07.

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.