PAX Financial Group LLC Takes $1.21 Million Position in Invesco S&P 500 Quality ETF $SPHQ

PAX Financial Group LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,045 shares of the company’s stock, valued at approximately $1,206,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC bought a new position in Invesco S&P 500 Quality ETF in the 1st quarter valued at approximately $75,000. Private Advisor Group LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 15.3% in the 1st quarter. Private Advisor Group LLC now owns 369,373 shares of the company’s stock worth $27,773,000 after purchasing an additional 49,089 shares in the last quarter. MOR Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 11.6% in the 1st quarter. MOR Wealth Management LLC now owns 217,866 shares of the company’s stock worth $16,381,000 after purchasing an additional 22,709 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Invesco S&P 500 Quality ETF by 301.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 39,149 shares of the company’s stock worth $2,944,000 after purchasing an additional 29,393 shares during the last quarter. Finally, Platform Technology Partners raised its stake in shares of Invesco S&P 500 Quality ETF by 5.7% in the first quarter. Platform Technology Partners now owns 30,466 shares of the company’s stock worth $2,291,000 after purchasing an additional 1,646 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA:SPHQ opened at $87.87 on Friday. Invesco S&P 500 Quality ETF has a 1 year low of $70.26 and a 1 year high of $90.36. The company has a market cap of $19.80 billion, a P/E ratio of 25.36 and a beta of 0.90. The stock’s fifty day moving average price is $85.05 and its 200-day moving average price is $80.19.

Invesco S&P 500 Quality ETF Company Profile

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.