Founders Financial Securities LLC Makes New Investment in Invesco S&P 500 Quality ETF $SPHQ

Founders Financial Securities LLC acquired a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 11,935 shares of the company’s stock, valued at approximately $1,003,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tompkins Financial Corp purchased a new stake in Invesco S&P 500 Quality ETF during the 3rd quarter worth about $25,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Quality ETF in the 1st quarter valued at about $27,000. William Mack & Associates Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $34,000. Family Capital Trust Co acquired a new position in shares of Invesco S&P 500 Quality ETF during the third quarter worth about $42,000. Finally, Continuum Advisory LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the second quarter worth about $48,000.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ stock opened at $82.97 on Friday. The company’s 50 day moving average price is $84.69 and its 200 day moving average price is $82.68. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36. The firm has a market capitalization of $18.51 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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.