Invesco S&P 500 Quality ETF $SPHQ Stock: Focus Financial Network Inc. Boosts Position

Focus Financial Network Inc. increased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 225,172 shares of the company’s stock after purchasing an additional 7,641 shares during the quarter. Focus Financial Network Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $18,932,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in shares of 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 purchasing an additional 4,733,411 shares during the period. Independence Asset Advisors LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 1st quarter worth approximately $73,856,000. Rockefeller Capital Management L.P. lifted its position in shares of Invesco S&P 500 Quality ETF by 440.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 657,603 shares of the company’s stock valued at $49,353,000 after acquiring an additional 535,929 shares during the last quarter. Union Savings Bank acquired a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at $36,173,000. Finally, Kestra Advisory Services LLC increased its position in shares of Invesco S&P 500 Quality ETF by 363.1% in the first quarter. Kestra Advisory Services LLC now owns 455,118 shares of the company’s stock worth $34,220,000 after acquiring an additional 356,849 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.1%

Shares of NYSEARCA SPHQ opened at $85.43 on Wednesday. The firm has a market capitalization of $19.06 billion, a PE ratio of 25.36 and a beta of 0.91. The business has a 50-day moving average price of $85.30 and a two-hundred day moving average price of $84.21. Invesco S&P 500 Quality ETF has a one year low of $71.57 and a one year high of $90.36.

Invesco S&P 500 Quality ETF 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.