PAX Financial Group LLC Invests $1.21 Million in Invesco S&P 500 Quality ETF $SPHQ

PAX Financial Group LLC purchased a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,045 shares of the company’s stock, valued at approximately $1,206,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC purchased a new position in Invesco S&P 500 Quality ETF during the first quarter valued at $75,000. Private Advisor Group LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 15.3% in the first quarter. Private Advisor Group LLC now owns 369,373 shares of the company’s stock worth $27,773,000 after acquiring an additional 49,089 shares during the last quarter. MOR Wealth Management LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 11.6% during the first quarter. MOR Wealth Management LLC now owns 217,866 shares of the company’s stock valued at $16,381,000 after acquiring an additional 22,709 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Invesco S&P 500 Quality ETF by 301.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 39,149 shares of the company’s stock valued at $2,944,000 after acquiring an additional 29,393 shares in the last quarter. Finally, Platform Technology Partners raised its position in shares of Invesco S&P 500 Quality ETF by 5.7% in the 1st quarter. Platform Technology Partners now owns 30,466 shares of the company’s stock worth $2,291,000 after purchasing an additional 1,646 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

SPHQ opened at $87.87 on Friday. The firm has a market cap of $19.80 billion, a PE ratio of 25.36 and a beta of 0.90. The stock has a 50-day moving average price of $85.05 and a 200-day moving average price of $80.19. Invesco S&P 500 Quality ETF has a 1 year low of $70.26 and a 1 year high of $90.36.

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.