NewEdge Wealth LLC Grows Stake in Invesco S&P 500 Quality ETF $SPHQ

NewEdge Wealth LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 43.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,716 shares of the company’s stock after acquiring an additional 24,394 shares during the period. NewEdge Wealth LLC’s holdings in Invesco S&P 500 Quality ETF were worth $6,069,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPHQ. Brighton Jones LLC increased its stake in Invesco S&P 500 Quality ETF by 4.0% in the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after purchasing an additional 151 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 51.2% during the 1st quarter. AQR Capital Management LLC now owns 5,854 shares of the company’s stock worth $388,000 after buying an additional 1,983 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 1st quarter worth approximately $875,000. Jane Street Group LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 29.2% in the 1st quarter. Jane Street Group LLC now owns 9,937 shares of the company’s stock valued at $659,000 after buying an additional 2,248 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 53.5% in the 2nd quarter. Invesco Ltd. now owns 115,321 shares of the company’s stock valued at $8,218,000 after buying an additional 40,210 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA SPHQ opened at $85.08 on Friday. The firm’s fifty day moving average price is $86.38 and its 200 day moving average price is $81.27. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 25.36 and a beta of 0.90. Invesco S&P 500 Quality ETF has a 12 month low of $70.40 and a 12 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.