Creative Financial Designs Inc. ADV Grows Stake in Invesco S&P 500 Quality ETF $SPHQ

Creative Financial Designs Inc. ADV raised its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 4.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 240,514 shares of the company’s stock after buying an additional 9,807 shares during the quarter. Invesco S&P 500 Quality ETF accounts for about 1.2% of Creative Financial Designs Inc. ADV’s investment portfolio, making the stock its 19th largest holding. Creative Financial Designs Inc. ADV’s holdings in Invesco S&P 500 Quality ETF were worth $17,627,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in SPHQ. Diversify Wealth Management LLC lifted its stake in Invesco S&P 500 Quality ETF by 19.7% in the third quarter. Diversify Wealth Management LLC now owns 9,895 shares of the company’s stock worth $730,000 after acquiring an additional 1,627 shares during the period. Weaver Consulting Group lifted its position in shares of Invesco S&P 500 Quality ETF by 12.9% in the 3rd quarter. Weaver Consulting Group now owns 65,989 shares of the company’s stock worth $4,836,000 after purchasing an additional 7,563 shares during the period. Optiver Holding B.V. bought a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at about $89,000. Cozad Asset Management Inc. boosted its stake in shares of Invesco S&P 500 Quality ETF by 0.8% during the 3rd quarter. Cozad Asset Management Inc. now owns 253,622 shares of the company’s stock valued at $18,588,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Colonial Trust Co SC purchased a new position in shares of Invesco S&P 500 Quality ETF during the third quarter valued at about $181,000.

Invesco S&P 500 Quality ETF Price Performance

SPHQ stock opened at $80.94 on Friday. Invesco S&P 500 Quality ETF has a 1 year low of $57.67 and a 1 year high of $81.05. The firm has a 50-day moving average of $77.89 and a 200 day moving average of $75.02. The company has a market cap of $16.53 billion, a P/E ratio of 25.36 and a beta of 0.92.

Invesco S&P 500 Quality ETF 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.