RDA Financial Network Makes New $866,000 Investment in Invesco S&P 500 Quality ETF $SPHQ

RDA Financial Network purchased a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 9,609 shares of the company’s stock, valued at approximately $866,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. MTM Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at about $26,000. Cassaday & Co Wealth Management LLC purchased a new position in Invesco S&P 500 Quality ETF during the first quarter worth about $27,000. Bell Investment Advisors Inc purchased a new position in Invesco S&P 500 Quality ETF during the first quarter worth about $28,000. IFC & Insurance Marketing Inc. acquired a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $33,000.

Invesco S&P 500 Quality ETF Price Performance

Invesco S&P 500 Quality ETF stock opened at $85.14 on Tuesday. The firm has a 50 day simple moving average of $86.56 and a 200-day simple moving average of $81.65. Invesco S&P 500 Quality ETF has a 1-year low of $70.95 and a 1-year high of $90.36. The stock has a market cap of $19.57 billion, a price-to-earnings ratio of 25.36 and a beta of 0.90.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.