Ballast Inc. Acquires 13,260 Shares of Invesco S&P 500 Quality ETF $SPHQ

Ballast Inc. increased its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,684 shares of the company’s stock after purchasing an additional 13,260 shares during the quarter. Invesco S&P 500 Quality ETF accounts for 6.4% of Ballast Inc.’s holdings, making the stock its 3rd biggest position. Ballast Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $26,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPHQ. Grey Fox Wealth Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF in the third quarter worth approximately $47,000. Smartleaf Asset Management LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 197.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 779 shares of the company’s stock worth $57,000 after acquiring an additional 517 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 19.2% in the 2nd quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock worth $69,000 after acquiring an additional 155 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Invesco S&P 500 Quality ETF in the 2nd quarter worth $72,000. Finally, Capital Investment Advisory Services LLC raised its position in shares of Invesco S&P 500 Quality ETF by 64.8% during the third quarter. Capital Investment Advisory Services LLC now owns 1,228 shares of the company’s stock worth $90,000 after purchasing an additional 483 shares during the period.

Invesco S&P 500 Quality ETF Stock Up 0.8%

Shares of NYSEARCA SPHQ opened at $79.39 on Monday. Invesco S&P 500 Quality ETF has a 12 month low of $57.67 and a 12 month high of $80.58. The company has a market cap of $16.22 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. The business has a fifty day simple moving average of $76.94 and a 200-day simple moving average of $74.46.

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.