United Community Bank Invests $2.58 Million in Invesco S&P 500 Quality ETF $SPHQ

United Community Bank bought a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 35,250 shares of the company’s stock, valued at approximately $2,583,000. Invesco S&P 500 Quality ETF makes up approximately 0.8% of United Community Bank’s portfolio, making the stock its 25th biggest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of Invesco S&P 500 Quality ETF by 68.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after purchasing an additional 3,741,699 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in Invesco S&P 500 Quality ETF by 4.6% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,413,908 shares of the company’s stock valued at $616,655,000 after buying an additional 370,859 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Invesco S&P 500 Quality ETF by 2.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,661,969 shares of the company’s stock valued at $564,534,000 after buying an additional 200,729 shares in the last quarter. Bank of America Corp DE lifted its holdings in Invesco S&P 500 Quality ETF by 6.4% during the 2nd quarter. Bank of America Corp DE now owns 4,360,942 shares of the company’s stock worth $310,761,000 after buying an additional 264,199 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Invesco S&P 500 Quality ETF by 61.2% during the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock worth $275,733,000 after buying an additional 1,469,187 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ opened at $77.39 on Monday. Invesco S&P 500 Quality ETF has a one year low of $57.67 and a one year high of $78.53. The company has a market cap of $15.79 billion, a P/E ratio of 25.36 and a beta of 0.92. The business’s 50-day simple moving average is $76.01 and its 200-day simple moving average is $73.97.

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.