Invesco S&P 500 Quality ETF $SPHQ Stock Position Increased by United Community Bank

United Community Bank raised its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 24.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,985 shares of the company’s stock after purchasing an additional 15,060 shares during the period. Invesco S&P 500 Quality ETF accounts for approximately 2.2% of United Community Bank’s holdings, making the stock its 6th biggest position. United Community Bank’s holdings in Invesco S&P 500 Quality ETF were worth $6,936,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position 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 worth $658,846,000 after buying an additional 3,741,699 shares in the last quarter. Raymond James Financial Inc. increased its stake 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 worth $275,733,000 after acquiring an additional 1,469,187 shares during the last quarter. Independence Asset Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 1st quarter worth approximately $73,856,000. Alvarez & Marsal Private Wealth Partners LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $58,114,000. Finally, Sequoia Financial Advisors LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 2,247.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock valued at $42,159,000 after acquiring an additional 537,812 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ stock opened at $85.13 on Friday. The firm has a fifty day moving average price of $86.25 and a 200 day moving average price of $82.95. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36. The firm has a market cap of $19.55 billion, a PE 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.