Invesco S&P 500 Quality ETF $SPHQ Stock Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. increased its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 225,172 shares of the company’s stock after purchasing an additional 7,641 shares during the quarter. Focus Financial Network Inc. owned 0.10% of Invesco S&P 500 Quality ETF worth $18,932,000 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. Tompkins Financial Corp acquired a new position in Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $25,000. Cassaday & Co Wealth Management LLC acquired a new stake in Invesco S&P 500 Quality ETF in the first quarter valued at $27,000. Bell Investment Advisors Inc purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 1st quarter worth approximately $28,000. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 1st quarter valued at about $33,000. Finally, Continuum Advisory LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the second quarter valued at about $48,000.

Invesco S&P 500 Quality ETF Stock Down 0.1%

Shares of Invesco S&P 500 Quality ETF stock opened at $85.43 on Wednesday. Invesco S&P 500 Quality ETF has a 52-week low of $71.57 and a 52-week high of $90.36. The company’s 50-day simple moving average is $85.30 and its 200-day simple moving average is $84.21. The firm has a market cap of $19.06 billion, a price-to-earnings 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.