Madison Asset Management LLC Increases Stake in Invesco S&P 500 Quality ETF $SPHQ

Madison Asset Management LLC lifted its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.0% during the 3rd quarter, Holdings Channel reports. The fund owned 1,448,969 shares of the company’s stock after buying an additional 41,781 shares during the quarter. Invesco S&P 500 Quality ETF comprises 1.2% of Madison Asset Management LLC’s portfolio, making the stock its 23rd largest holding. Madison Asset Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $106,195,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC boosted its holdings in shares of 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 acquiring an additional 151 shares during the period. Bogart Wealth LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 19.2% in the 2nd quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock valued at $69,000 after acquiring an additional 155 shares during the period. Fragasso Financial Advisors Inc boosted its position in shares of Invesco S&P 500 Quality ETF by 0.5% in the third quarter. Fragasso Financial Advisors Inc now owns 31,677 shares of the company’s stock worth $2,342,000 after buying an additional 157 shares during the period. Brown Advisory Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 1.1% during the second quarter. Brown Advisory Inc. now owns 15,535 shares of the company’s stock valued at $1,107,000 after purchasing an additional 166 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its position in shares of Invesco S&P 500 Quality ETF by 0.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 35,163 shares of the company’s stock valued at $2,577,000 after purchasing an additional 168 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.3%

Shares of NYSEARCA:SPHQ opened at $79.53 on Wednesday. The firm has a market cap of $16.25 billion, a PE ratio of 25.36 and a beta of 0.92. The company has a fifty day simple moving average of $76.67 and a 200 day simple moving average of $74.31. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $79.96.

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.