Raymond James Financial Inc. Takes Position in Invesco S&P SmallCap Quality ETF (BATS:XSHQ)

Raymond James Financial Inc. acquired a new position in shares of Invesco S&P SmallCap Quality ETF (BATS:XSHQ) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 66,824 shares of the company’s stock, valued at approximately $2,830,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XSHQ. Independent Advisor Alliance acquired a new stake in Invesco S&P SmallCap Quality ETF during the fourth quarter worth about $16,588,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Invesco S&P SmallCap Quality ETF during the 4th quarter worth approximately $13,338,000. Madison Investment Advisors LLC bought a new position in Invesco S&P SmallCap Quality ETF in the fourth quarter valued at approximately $9,934,000. Larson Financial Group LLC raised its position in Invesco S&P SmallCap Quality ETF by 116.5% during the fourth quarter. Larson Financial Group LLC now owns 214,212 shares of the company’s stock valued at $9,072,000 after purchasing an additional 115,250 shares in the last quarter. Finally, Capital Planning Advisors LLC bought a new stake in Invesco S&P SmallCap Quality ETF during the fourth quarter worth $2,863,000.

Invesco S&P SmallCap Quality ETF Stock Up 4.1 %

BATS:XSHQ opened at $37.43 on Tuesday. The firm has a market capitalization of $317.36 million, a PE ratio of 13.25 and a beta of 0.97. Invesco S&P SmallCap Quality ETF has a twelve month low of $33.94 and a twelve month high of $48.02. The stock’s 50-day simple moving average is $38.24 and its 200 day simple moving average is $42.04.

Invesco S&P SmallCap Quality ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 24th were given a $0.1498 dividend. The ex-dividend date was Monday, March 24th. This is an increase from Invesco S&P SmallCap Quality ETF’s previous dividend of $0.13.

Invesco S&P SmallCap Quality ETF Profile

The Invesco S&P SmallCap Quality ETF (XSHQ) is an exchange-traded fund that is based on the S&P SmallCap 600 Quality index. The fund tracks an index of US small-cap stocks selected by return-on-equity, accruals ratio, and financial leverage. Stocks are weighted by these quality factors and scaled by market-cap.