Steele Capital Management Inc. Acquires 10,074 Shares of Invesco S&P 500 Quality ETF $SPHQ

Steele Capital Management Inc. acquired a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the third quarter, Holdings Channel.com reports. The fund acquired 10,074 shares of the company’s stock, valued at approximately $847,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tompkins Financial Corp acquired a new position in Invesco S&P 500 Quality ETF during the 3rd quarter valued at about $25,000. Cassaday & Co Wealth Management LLC acquired a new stake in Invesco S&P 500 Quality ETF in the first quarter worth about $27,000. William Mack & Associates Inc. acquired a new stake in Invesco S&P 500 Quality ETF in the third quarter worth about $34,000. Family Capital Trust Co acquired a new stake in Invesco S&P 500 Quality ETF in the third quarter worth about $42,000. Finally, Continuum Advisory LLC acquired a new stake in Invesco S&P 500 Quality ETF in the second quarter worth about $48,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $81.08 on Friday. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The stock’s 50-day simple moving average is $84.45 and its 200-day simple moving average is $82.80.

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.