Symphony Financial Ltd. Co. raised its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 6.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,926 shares of the company’s stock after purchasing an additional 9,671 shares during the period. Invesco S&P 500 Quality ETF makes up approximately 1.6% of Symphony Financial Ltd. Co.’s holdings, making the stock its 15th largest holding. Symphony Financial Ltd. Co.’s holdings in Invesco S&P 500 Quality ETF were worth $13,671,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter worth about $26,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 1st quarter valued at about $27,000. Bell Investment Advisors Inc bought a new stake in Invesco S&P 500 Quality ETF in the 1st quarter worth approximately $28,000. IFC & Insurance Marketing Inc. bought a new stake in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $29,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF in the 1st quarter worth approximately $33,000.
Invesco S&P 500 Quality ETF Price Performance
Shares of SPHQ opened at $84.50 on Wednesday. The firm has a market cap of $19.41 billion, a P/E ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 1 year low of $71.40 and a 1 year high of $90.36. The stock has a 50 day simple moving average of $86.37 and a two-hundred day simple moving average of $82.86.
Invesco S&P 500 Quality ETF 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.
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