Truist Financial Corp Grows Stock Position in Invesco S&P 500 Quality ETF $SPHQ

Truist Financial Corp boosted its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 415,123 shares of the company’s stock after buying an additional 32,557 shares during the period. Truist Financial Corp owned approximately 0.20% of Invesco S&P 500 Quality ETF worth $30,424,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SPHQ. Ameriprise Financial Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after acquiring an additional 3,741,699 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at approximately $245,312,000. Raymond James Financial Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 61.2% in the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock valued at $275,733,000 after purchasing an additional 1,469,187 shares in the last quarter. Compass Ion Advisors LLC increased its position in Invesco S&P 500 Quality ETF by 1,614.2% during the 3rd quarter. Compass Ion Advisors LLC now owns 718,232 shares of the company’s stock worth $52,639,000 after purchasing an additional 676,332 shares during the period. Finally, Mainstay Capital Management LLC ADV raised its stake in shares of Invesco S&P 500 Quality ETF by 100.8% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,345,602 shares of the company’s stock worth $95,888,000 after buying an additional 675,521 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

SPHQ opened at $78.47 on Friday. Invesco S&P 500 Quality ETF has a 12 month low of $57.67 and a 12 month high of $78.53. The stock has a market capitalization of $16.01 billion, a P/E ratio of 25.36 and a beta of 0.92. The business has a 50 day simple moving average of $75.92 and a 200-day simple moving average of $73.88.

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.