Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Shares Bought by 1900 Wealth Management LLC

1900 Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 98.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,771 shares of the company’s stock after acquiring an additional 6,820 shares during the period. 1900 Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPHQ. Wolff Wiese Magana LLC lifted its position in Invesco S&P 500 Quality ETF by 105.8% during the third quarter. Wolff Wiese Magana LLC now owns 566 shares of the company’s stock worth $28,000 after buying an additional 291 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 149.6% during the 4th quarter. Sound Income Strategies LLC now owns 579 shares of the company’s stock worth $31,000 after acquiring an additional 347 shares during the period. GPS Wealth Strategies Group LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 275.6% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 661 shares of the company’s stock worth $36,000 after acquiring an additional 485 shares during the last quarter. Glass Jacobson Investment Advisors llc purchased a new stake in Invesco S&P 500 Quality ETF in the fourth quarter valued at approximately $50,000. Finally, Halpern Financial Inc. acquired a new position in Invesco S&P 500 Quality ETF during the fourth quarter worth approximately $53,000.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA:SPHQ traded up $0.58 during trading hours on Tuesday, reaching $58.50. 225,147 shares of the company were exchanged, compared to its average volume of 1,036,678. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 21.97 and a beta of 0.96. The stock has a 50 day simple moving average of $59.06 and a 200 day simple moving average of $55.03. Invesco S&P 500 Quality ETF has a 52-week low of $46.71 and a 52-week high of $60.77.

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.