8,749 Shares in Invesco S&P 500 Quality ETF $SPHQ Purchased by Independent Financial Group LLC

Independent Financial Group LLC acquired a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,749 shares of the company’s stock, valued at approximately $658,000.

Several other hedge funds have also recently added to or reduced their stakes in SPHQ. MTM Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at about $26,000. Bell Investment Advisors Inc purchased a new position in shares of Invesco S&P 500 Quality ETF during the 1st quarter worth approximately $28,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $33,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the 1st quarter worth approximately $33,000.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ stock opened at $85.12 on Thursday. The stock’s 50 day moving average price is $86.34 and its 200 day moving average price is $81.20. The firm has a market cap of $19.45 billion, a P/E ratio of 25.36 and a beta of 0.90. Invesco S&P 500 Quality ETF has a 1 year low of $70.40 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.