Wedbush Securities Inc. Acquires New Position in Invesco S&P 500 Quality ETF $SPHQ

Wedbush Securities Inc. acquired a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 3rd quarter, HoldingsChannel reports. The fund acquired 15,905 shares of the company’s stock, valued at approximately $1,337,000.

Several other hedge funds also recently modified their holdings of the stock. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at $649,488,000. Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 Quality ETF by 236.9% during the second quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock worth $606,532,000 after acquiring an additional 4,733,411 shares in the last quarter. Independence Asset Advisors LLC bought a new position in Invesco S&P 500 Quality ETF during the first quarter worth $73,856,000. Demars Financial Group LLC grew its holdings in Invesco S&P 500 Quality ETF by 5.8% in the third quarter. Demars Financial Group LLC now owns 776,231 shares of the company’s stock worth $65,265,000 after purchasing an additional 42,593 shares during the period. Finally, Sax Wealth Advisors LLC grew its holdings in Invesco S&P 500 Quality ETF by 22.4% in the third quarter. Sax Wealth Advisors LLC now owns 663,646 shares of the company’s stock worth $55,799,000 after purchasing an additional 121,595 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA:SPHQ opened at $83.00 on Monday. Invesco S&P 500 Quality ETF has a 12 month low of $71.57 and a 12 month high of $90.36. The stock has a market capitalization of $18.55 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The firm has a fifty day simple moving average of $84.93 and a two-hundred day simple moving average of $84.72.

About Invesco S&P 500 Quality ETF

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.