Union Savings Bank Purchases Shares of 482,047 Invesco S&P 500 Quality ETF $SPHQ

Union Savings Bank purchased a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 4th quarter, Holdings Channel reports. The fund purchased 482,047 shares of the company’s stock, valued at approximately $36,173,000. Invesco S&P 500 Quality ETF accounts for about 15.7% of Union Savings Bank’s investment portfolio, making the stock its biggest position.

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock worth $658,846,000 after buying an additional 3,741,699 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its position in Invesco S&P 500 Quality ETF by 5.9% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,910,347 shares of the company’s stock valued at $668,722,000 after buying an additional 496,439 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Invesco S&P 500 Quality ETF by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,915,919 shares of the company’s stock valued at $611,604,000 after buying an additional 253,950 shares during the last quarter. Bank of America Corp DE increased its holdings in Invesco S&P 500 Quality ETF by 8.0% during the third quarter. Bank of America Corp DE now owns 4,710,108 shares of the company’s stock valued at $345,204,000 after buying an additional 349,166 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in Invesco S&P 500 Quality ETF by 15.6% in the third quarter. Raymond James Financial Inc. now owns 4,473,245 shares of the company’s stock worth $327,844,000 after acquiring an additional 603,848 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ opened at $89.36 on Friday. The firm’s 50 day simple moving average is $83.32 and its two-hundred day simple moving average is $79.26. The company has a market capitalization of $19.02 billion, a PE ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 1-year low of $68.89 and a 1-year high of $89.94.

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.