Madison Asset Management LLC Has $96.42 Million Stock Holdings in Invesco S&P 500 Quality ETF $SPHQ

Madison Asset Management LLC trimmed its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 5.9% during the first quarter, HoldingsChannel reports. The firm owned 1,282,365 shares of the company’s stock after selling 80,027 shares during the quarter. Invesco S&P 500 Quality ETF comprises 1.2% of Madison Asset Management LLC’s portfolio, making the stock its 22nd largest holding. Madison Asset Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $96,421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SPHQ. MTM Investment Management LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in Invesco S&P 500 Quality ETF during the 1st quarter worth $27,000. Bell Investment Advisors Inc bought a new position in Invesco S&P 500 Quality ETF during the first quarter worth about $28,000. IFC & Insurance Marketing Inc. bought a new position in Invesco S&P 500 Quality ETF during the fourth quarter worth about $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Invesco S&P 500 Quality ETF in the fourth quarter valued at about $33,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $84.53 on Tuesday. Invesco S&P 500 Quality ETF has a 1 year low of $70.40 and a 1 year high of $90.36. The business has a 50-day moving average of $86.22 and a two-hundred day moving average of $81.05. The company has a market capitalization of $19.31 billion, a P/E ratio of 25.36 and a beta of 0.90.

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.