NewEdge Wealth LLC Grows Position in Invesco S&P 500 Quality ETF $SPHQ

NewEdge Wealth LLC boosted its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 43.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 80,716 shares of the company’s stock after acquiring an additional 24,394 shares during the quarter. NewEdge Wealth LLC’s holdings in Invesco S&P 500 Quality ETF were worth $6,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sherman Wealth Management LLC bought a new position in Invesco S&P 500 Quality ETF during the fourth quarter valued at about $1,003,000. Capital Advisors Ltd. LLC raised its position in Invesco S&P 500 Quality ETF by 44.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 42,599 shares of the company’s stock worth $3,197,000 after acquiring an additional 13,025 shares during the period. Demars Financial Group LLC boosted its stake in Invesco S&P 500 Quality ETF by 4.6% in the fourth quarter. Demars Financial Group LLC now owns 639,632 shares of the company’s stock valued at $48,004,000 after acquiring an additional 28,275 shares during the last quarter. Alpine Bank Wealth Management boosted its stake in Invesco S&P 500 Quality ETF by 1.3% in the fourth quarter. Alpine Bank Wealth Management now owns 555,050 shares of the company’s stock valued at $41,657,000 after acquiring an additional 7,296 shares during the last quarter. Finally, Eagle Strategies LLC grew its position in shares of Invesco S&P 500 Quality ETF by 4.7% during the 4th quarter. Eagle Strategies LLC now owns 217,882 shares of the company’s stock valued at $16,352,000 after acquiring an additional 9,845 shares during the period.

Invesco S&P 500 Quality ETF Stock Down 0.0%

Shares of SPHQ stock opened at $85.08 on Friday. The company has a 50 day moving average of $86.38 and a 200-day moving average of $81.27. Invesco S&P 500 Quality ETF has a 12-month low of $70.40 and a 12-month high of $90.36. The firm has a market cap of $19.47 billion, a P/E ratio of 25.36 and a beta of 0.90.

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.