Independent Financial Group LLC purchased a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 8,749 shares of the company’s stock, valued at approximately $658,000.
A number of other hedge funds and other institutional investors have also modified their holdings of SPHQ. MTM Investment Management LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at approximately $26,000. Bell Investment Advisors Inc acquired a new stake in Invesco S&P 500 Quality ETF during the first quarter worth approximately $28,000. IFC & Insurance Marketing Inc. purchased a new stake in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $33,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 1st quarter worth approximately $33,000.
Invesco S&P 500 Quality ETF Stock Performance
Shares of SPHQ opened at $85.12 on Thursday. Invesco S&P 500 Quality ETF has a fifty-two week low of $70.40 and a fifty-two week high of $90.36. The company has a market capitalization of $19.45 billion, a PE ratio of 25.36 and a beta of 0.90. The stock has a fifty day moving average of $86.34 and a two-hundred day moving average of $81.20.
Invesco S&P 500 Quality ETF 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.
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