Independence Asset Advisors LLC Makes New $73.86 Million Investment in Invesco S&P 500 Quality ETF $SPHQ

Independence Asset Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 982,253 shares of the company’s stock, valued at approximately $73,856,000. Invesco S&P 500 Quality ETF accounts for 26.7% of Independence Asset Advisors LLC’s holdings, making the stock its 2nd largest position. Independence Asset Advisors LLC owned about 0.46% of Invesco S&P 500 Quality ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Invesco S&P 500 Quality ETF by 4.5% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock worth $238,000 after acquiring an additional 136 shares in the last quarter. Compound Planning Inc. grew its position in Invesco S&P 500 Quality ETF by 1.0% in the 4th quarter. Compound Planning Inc. now owns 14,556 shares of the company’s stock valued at $1,092,000 after acquiring an additional 138 shares in the last quarter. Verum Partners LLC increased its stake in Invesco S&P 500 Quality ETF by 0.3% during the fourth quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock worth $3,772,000 after purchasing an additional 141 shares during the period. Latitude Advisors LLC increased its stake in Invesco S&P 500 Quality ETF by 3.0% during the fourth quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock worth $379,000 after purchasing an additional 148 shares during the period. Finally, Brighton Jones LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after purchasing an additional 151 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA SPHQ opened at $86.85 on Monday. The firm has a 50 day simple moving average of $84.17 and a 200-day simple moving average of $79.76. Invesco S&P 500 Quality ETF has a one year low of $70.26 and a one year high of $90.26. The firm has a market cap of $18.49 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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.