Invesco S&P 500 Quality ETF $SPHQ Shares Newly Purchased by Bell Bank

Bell Bank bought a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the third quarter, HoldingsChannel reports. The institutional investor bought 30,216 shares of the company’s stock, valued at approximately $2,541,000.

Several other hedge funds and other institutional investors have also modified their holdings of SPHQ. HBW Advisory Services LLC grew its stake in Invesco S&P 500 Quality ETF by 1.2% in the 3rd quarter. HBW Advisory Services LLC now owns 10,350 shares of the company’s stock valued at $870,000 after buying an additional 119 shares during the last quarter. World Investment Advisors increased its stake in shares of Invesco S&P 500 Quality ETF by 0.6% during the first quarter. World Investment Advisors now owns 24,754 shares of the company’s stock worth $1,861,000 after purchasing an additional 142 shares during the period. Wisconsin Wealth Advisors LLC lifted its holdings in Invesco S&P 500 Quality ETF by 0.4% during the 3rd quarter. Wisconsin Wealth Advisors LLC now owns 38,424 shares of the company’s stock worth $3,231,000 after purchasing an additional 149 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in Invesco S&P 500 Quality ETF by 0.5% during the 1st quarter. GHP Investment Advisors Inc. now owns 29,891 shares of the company’s stock worth $2,247,000 after purchasing an additional 153 shares during the last quarter. Finally, DBK Financial Counsel LLC lifted its holdings in Invesco S&P 500 Quality ETF by 0.4% during the 1st quarter. DBK Financial Counsel LLC now owns 44,727 shares of the company’s stock worth $3,363,000 after purchasing an additional 165 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

SPHQ opened at $84.34 on Wednesday. The business has a fifty day simple moving average of $85.13 and a 200 day simple moving average of $84.55. Invesco S&P 500 Quality ETF has a 1 year low of $71.57 and a 1 year high of $90.36. The company has a market capitalization of $18.82 billion, a PE 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.