764,289 Shares of Invesco S&P 500 Quality ETF $SPHQ Purchased by Evensky & Katz LLC

Evensky & Katz LLC acquired a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the third quarter, HoldingsChannel.com reports. The fund acquired 764,289 shares of the company’s stock, valued at approximately $64,261,000. Invesco S&P 500 Quality ETF accounts for 3.4% of Evensky & Katz LLC’s portfolio, making the stock its 9th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in SPHQ. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at approximately $649,488,000. Envestnet Asset Management Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 236.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock worth $606,532,000 after buying an additional 4,733,411 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth approximately $269,341,000. Demars Financial Group LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 5.8% during the 3rd quarter. Demars Financial Group LLC now owns 776,231 shares of the company’s stock worth $65,265,000 after buying an additional 42,593 shares in the last quarter. Finally, Compass Ion Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth approximately $65,102,000.

Invesco S&P 500 Quality ETF Price Performance

SPHQ opened at $83.94 on Wednesday. The business has a 50 day simple moving average of $84.82 and a 200-day simple moving average of $82.58. The stock has a market capitalization of $18.76 billion, a P/E ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 12 month low of $71.57 and a 12 month high of $90.36.

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.