Sage Mountain Advisors LLC Purchases 11,051 Shares of Invesco S&P 500 Quality ETF $SPHQ

Sage Mountain Advisors LLC lifted its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 7.8% in the second quarter, HoldingsChannel.com reports. The fund owned 152,334 shares of the company’s stock after buying an additional 11,051 shares during the period. Invesco S&P 500 Quality ETF comprises approximately 0.7% of Sage Mountain Advisors LLC’s portfolio, making the stock its 25th biggest holding. Sage Mountain Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $10,855,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after acquiring an additional 151 shares during the last quarter. Gateway Wealth Partners LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 2.8% in the 1st quarter. Gateway Wealth Partners LLC now owns 5,551 shares of the company’s stock worth $368,000 after purchasing an additional 152 shares during the period. Bogart Wealth LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 19.2% in the 2nd quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock worth $69,000 after purchasing an additional 155 shares during the period. Trek Financial LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 3.1% in the 1st quarter. Trek Financial LLC now owns 5,677 shares of the company’s stock worth $377,000 after purchasing an additional 169 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 2.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,463 shares of the company’s stock worth $561,000 after purchasing an additional 204 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA SPHQ opened at $74.55 on Friday. The company has a market capitalization of $15.20 billion, a P/E ratio of 25.36 and a beta of 0.94. Invesco S&P 500 Quality ETF has a 52-week low of $57.67 and a 52-week high of $74.97. The company’s 50 day moving average price is $72.99 and its 200-day moving average price is $70.57.

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.