Parsons Capital Management Inc. RI Has $1.56 Million Stock Position in Invesco S&P 500 Quality ETF $SPHQ

Parsons Capital Management Inc. RI grew its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 250.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,299 shares of the company’s stock after buying an additional 15,220 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Invesco S&P 500 Quality ETF were worth $1,561,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Berkshire Money Management Inc. bought a new stake in Invesco S&P 500 Quality ETF during the 2nd quarter worth $28,000. Independence Bank of Kentucky acquired a new stake in shares of Invesco S&P 500 Quality ETF during the second quarter valued at about $33,000. Bogart Wealth LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 19.2% during the second quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock valued at $69,000 after purchasing an additional 155 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF during the second quarter worth about $72,000. Finally, Private Wealth Asset Management LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the second quarter valued at approximately $92,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA SPHQ opened at $76.42 on Wednesday. The company has a 50 day simple moving average of $75.28 and a 200 day simple moving average of $73.63. Invesco S&P 500 Quality ETF has a 1 year low of $57.67 and a 1 year high of $78.09. The firm has a market cap of $15.49 billion, a PE ratio of 25.36 and a beta of 0.92.

Invesco S&P 500 Quality ETF Company 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.