Invesco S&P 500 Quality ETF $SPHQ Position Increased by Lynx Investment Advisory

Lynx Investment Advisory lifted its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 5.5% during the third quarter, Holdings Channel reports. The institutional investor owned 148,608 shares of the company’s stock after buying an additional 7,754 shares during the quarter. Invesco S&P 500 Quality ETF comprises approximately 4.1% of Lynx Investment Advisory’s investment portfolio, making the stock its largest holding. Lynx Investment Advisory’s holdings in Invesco S&P 500 Quality ETF were worth $12,495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPHQ. Tompkins Financial Corp bought a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth approximately $25,000. Cassaday & Co Wealth Management LLC acquired a new stake in Invesco S&P 500 Quality ETF in the first quarter valued at approximately $27,000. William Mack & Associates Inc. acquired a new stake in Invesco S&P 500 Quality ETF in the third quarter valued at approximately $34,000. Family Capital Trust Co purchased a new position in Invesco S&P 500 Quality ETF in the third quarter worth $42,000. Finally, Continuum Advisory LLC purchased a new position in Invesco S&P 500 Quality ETF in the second quarter worth $48,000.

Invesco S&P 500 Quality ETF Trading Up 0.3%

NYSEARCA SPHQ opened at $84.17 on Thursday. The firm’s fifty day simple moving average is $84.77 and its two-hundred day simple moving average is $82.62. The firm has a market capitalization of $18.79 billion, a P/E ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 12-month low of $71.57 and a 12-month high of $90.36.

Invesco S&P 500 Quality ETF Company 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.