Davidson Capital Management Inc. Raises Stock Holdings in Invesco S&P 500 Quality ETF $SPHQ

Davidson Capital Management Inc. increased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 629,359 shares of the company’s stock after purchasing an additional 18,440 shares during the quarter. Invesco S&P 500 Quality ETF accounts for approximately 10.3% of Davidson Capital Management Inc.’s investment portfolio, making the stock its 3rd largest position. Davidson Capital Management Inc. owned 0.31% of Invesco S&P 500 Quality ETF worth $46,126,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SPHQ. Dunhill Financial LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 10,060.0% during the 3rd quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 503 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF during the third quarter valued at approximately $47,000. Smartleaf Asset Management LLC lifted its stake in Invesco S&P 500 Quality ETF by 197.3% during the third quarter. Smartleaf Asset Management LLC now owns 779 shares of the company’s stock worth $57,000 after purchasing an additional 517 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 2nd quarter valued at $72,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at $89,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ opened at $79.69 on Thursday. Invesco S&P 500 Quality ETF has a 52-week low of $57.67 and a 52-week high of $81.04. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. The business’s fifty day moving average is $78.12 and its 200-day moving average is $75.19.

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.