NewEdge Advisors LLC Purchases 15,539 Shares of Invesco S&P 500 Quality ETF $SPHQ

NewEdge Advisors LLC increased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 10.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 162,662 shares of the company’s stock after purchasing an additional 15,539 shares during the quarter. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $14,656,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in Invesco S&P 500 Quality ETF in the fourth quarter worth about $26,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the 1st quarter valued at about $27,000. Bell Investment Advisors Inc acquired a new stake in shares of Invesco S&P 500 Quality ETF during the 1st quarter worth approximately $28,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $29,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the first quarter worth approximately $33,000.

Invesco S&P 500 Quality ETF Stock Up 1.0%

SPHQ stock opened at $84.57 on Friday. The business’s fifty day moving average is $85.81 and its 200-day moving average is $83.13. The company has a market cap of $19.42 billion, a P/E ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a twelve month low of $71.57 and a twelve month high of $90.36.

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.