Lmcg Investments LLC Acquires 45,850 Shares of Invesco S&P 500 Quality ETF $SPHQ

Lmcg Investments LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 45,850 shares of the company’s stock, valued at approximately $3,855,000.

Other hedge funds also recently made changes to their positions in the company. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in Invesco S&P 500 Quality ETF in the third quarter worth $649,488,000. Envestnet Asset Management Inc. increased its stake in Invesco S&P 500 Quality ETF by 236.9% in the second quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock valued at $606,532,000 after acquiring an additional 4,733,411 shares during the last quarter. Independence Asset Advisors LLC bought a new position in Invesco S&P 500 Quality ETF in the first quarter valued at $73,856,000. Sax Wealth Advisors LLC raised its position in Invesco S&P 500 Quality ETF by 22.4% during the third quarter. Sax Wealth Advisors LLC now owns 663,646 shares of the company’s stock valued at $55,799,000 after purchasing an additional 121,595 shares in the last quarter. Finally, Milestone Investment Advisors LLC raised its position in Invesco S&P 500 Quality ETF by 0.4% during the first quarter. Milestone Investment Advisors LLC now owns 528,118 shares of the company’s stock valued at $39,709,000 after purchasing an additional 2,201 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Up 0.3%

NYSEARCA SPHQ opened at $84.59 on Thursday. The stock’s 50-day simple moving average is $85.09 and its two-hundred day simple moving average is $84.61. Invesco S&P 500 Quality ETF has a twelve month low of $71.57 and a twelve month high of $90.36. The company has a market capitalization of $18.87 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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.