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

Steele Capital Management Inc. bought a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,074 shares of the company’s stock, valued at approximately $847,000.

Other institutional investors have also recently made changes to their positions in the company. Trinity Wealth Management LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 154.0% during the second quarter. Trinity Wealth Management LLC now owns 35,770 shares of the company’s stock valued at $3,223,000 after buying an additional 21,689 shares during the last quarter. Virginia Estate & Retirement Planning Advisors Inc. purchased a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter worth approximately $3,021,000. NewEdge Advisors LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 10.6% in the second quarter. NewEdge Advisors LLC now owns 162,662 shares of the company’s stock worth $14,656,000 after buying an additional 15,539 shares during the period. Advisory Solutions Group LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the 2nd quarter worth approximately $1,990,000. Finally, QRG Capital Management Inc. lifted its stake in shares of Invesco S&P 500 Quality ETF by 1,180.3% during the 2nd quarter. QRG Capital Management Inc. now owns 57,986 shares of the company’s stock worth $5,225,000 after acquiring an additional 53,457 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Down 4.2%

SPHQ opened at $81.08 on Friday. The business has a fifty day moving average of $84.45 and a 200 day moving average of $82.80. Invesco S&P 500 Quality ETF has a 52-week low of $71.57 and a 52-week high of $90.36. The stock has a market cap of $18.13 billion, a P/E ratio of 25.36 and a beta of 0.91.

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.