Sowell Financial Services LLC acquired a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,053 shares of the company’s stock, valued at approximately $593,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Evergreen Capital Management LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $30,118,000. Wedbush Securities Inc. bought a new position in Invesco S&P 500 Quality ETF during the third quarter worth about $1,337,000. Family Capital Trust Co acquired a new position in Invesco S&P 500 Quality ETF during the third quarter worth approximately $42,000. Demars Financial Group LLC increased its position in Invesco S&P 500 Quality ETF by 5.8% during the third 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 during the last quarter. Finally, Indiana Trust & Investment Management Co bought a new stake in Invesco S&P 500 Quality ETF in the third quarter valued at approximately $270,000.
Invesco S&P 500 Quality ETF Stock Up 0.2%
SPHQ opened at $83.14 on Tuesday. Invesco S&P 500 Quality ETF has a 12-month low of $71.57 and a 12-month high of $90.36. The business has a 50 day moving average of $84.64 and a 200-day moving average of $82.71. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.
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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.
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