Invesco S&P 500 Quality ETF $SPHQ Shares Newly Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 103,872 shares of the company’s stock, valued at approximately $8,734,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth about $649,488,000. Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 Quality ETF by 236.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock valued at $606,532,000 after purchasing an additional 4,733,411 shares during the period. Vantagepoint Investment Advisers LLC bought a new stake in Invesco S&P 500 Quality ETF during the 3rd quarter valued at approximately $269,341,000. Demars Financial Group LLC boosted its stake in Invesco S&P 500 Quality ETF by 5.8% during the 3rd quarter. Demars Financial Group LLC now owns 776,231 shares of the company’s stock valued at $65,265,000 after purchasing an additional 42,593 shares during the period. Finally, Compass Ion Advisors LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at approximately $65,102,000.

Invesco S&P 500 Quality ETF Stock Up 0.3%

SPHQ opened at $84.17 on Thursday. The firm has a market capitalization of $18.79 billion, a P/E ratio of 25.36 and a beta of 0.91. The stock’s 50 day moving average price is $84.77 and its two-hundred day moving average price is $82.62. Invesco S&P 500 Quality ETF has a 12-month low of $71.57 and a 12-month high of $90.36.

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.