Owen LaRue LLC Has $2.49 Million Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Owen LaRue LLC lifted its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 37,145 shares of the company’s stock after purchasing an additional 1,114 shares during the quarter. Invesco S&P 500 Quality ETF makes up about 1.3% of Owen LaRue LLC’s portfolio, making the stock its 20th largest holding. Owen LaRue LLC’s holdings in Invesco S&P 500 Quality ETF were worth $2,490,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Blue Trust Inc. grew its holdings in Invesco S&P 500 Quality ETF by 75.3% during the 4th quarter. Blue Trust Inc. now owns 1,183 shares of the company’s stock worth $80,000 after acquiring an additional 508 shares during the period. Brookstone Capital Management lifted its stake in shares of Invesco S&P 500 Quality ETF by 25.4% in the 4th quarter. Brookstone Capital Management now owns 10,602 shares of the company’s stock valued at $711,000 after purchasing an additional 2,150 shares during the period. US Bancorp DE lifted its stake in shares of Invesco S&P 500 Quality ETF by 75.9% in the 4th quarter. US Bancorp DE now owns 11,911 shares of the company’s stock valued at $798,000 after purchasing an additional 5,140 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Invesco S&P 500 Quality ETF by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,518 shares of the company’s stock valued at $14,767,000 after purchasing an additional 14,481 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at about $809,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA:SPHQ opened at $65.34 on Tuesday. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 26.20 and a beta of 0.95. The business’s 50-day moving average is $65.82 and its 200-day moving average is $67.47. Invesco S&P 500 Quality ETF has a 1 year low of $57.67 and a 1 year high of $71.22.

About Invesco S&P 500 Quality ETF

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap.