IFG Advisory LLC Purchases 9,561 Shares of Invesco S&P 500 Quality ETF $SPHQ

IFG Advisory LLC raised its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 272.8% in the second quarter, HoldingsChannel reports. The firm owned 13,066 shares of the company’s stock after acquiring an additional 9,561 shares during the period. IFG Advisory LLC’s holdings in Invesco S&P 500 Quality ETF were worth $931,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after buying an additional 151 shares during the period. Golden State Wealth Management LLC grew its holdings in Invesco S&P 500 Quality ETF by 612.2% during the 1st quarter. Golden State Wealth Management LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 453 shares in the last quarter. DAVENPORT & Co LLC increased its position in Invesco S&P 500 Quality ETF by 128.2% during the 1st quarter. DAVENPORT & Co LLC now owns 22,665 shares of the company’s stock valued at $1,504,000 after purchasing an additional 12,733 shares during the period. Bank of New York Mellon Corp increased its position in Invesco S&P 500 Quality ETF by 37.0% during the 1st quarter. Bank of New York Mellon Corp now owns 2,594,265 shares of the company’s stock valued at $172,104,000 after purchasing an additional 700,168 shares during the period. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 31.4% in the 1st quarter. Concurrent Investment Advisors LLC now owns 71,885 shares of the company’s stock valued at $4,769,000 after purchasing an additional 17,163 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ opened at $74.06 on Friday. The company has a 50 day moving average price of $73.19 and a 200-day moving average price of $71.08. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.67 and a fifty-two week high of $75.03. The stock has a market capitalization of $15.10 billion, a PE ratio of 25.36 and a beta of 0.92.

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.