Sowell Financial Services LLC purchased a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,053 shares of the company’s stock, valued at approximately $593,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Evergreen Capital Management LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the third quarter worth $30,118,000. Wedbush Securities Inc. bought a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at $1,337,000. Family Capital Trust Co bought a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at $42,000. Demars Financial Group LLC boosted its stake in Invesco S&P 500 Quality ETF by 5.8% in the 3rd quarter. Demars Financial Group LLC now owns 776,231 shares of the company’s stock worth $65,265,000 after purchasing an additional 42,593 shares during the period. Finally, Indiana Trust & Investment Management Co acquired a new position in Invesco S&P 500 Quality ETF in the 3rd quarter worth $270,000.
Invesco S&P 500 Quality ETF Trading Up 0.2%
SPHQ stock opened at $83.14 on Tuesday. The stock has a 50-day moving average price of $84.64 and a two-hundred day moving average price of $82.71. The stock has a market cap of $18.55 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 $71.57 and a 1 year high of $90.36.
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.
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