Independence Asset Advisors LLC Takes Position in Invesco S&P 500 Quality ETF $SPHQ

Independence Asset Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 982,253 shares of the company’s stock, valued at approximately $73,856,000. Invesco S&P 500 Quality ETF accounts for 26.7% of Independence Asset Advisors LLC’s investment portfolio, making the stock its 2nd largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MTM Investment Management LLC purchased a new stake in Invesco S&P 500 Quality ETF during the 4th quarter worth about $26,000. Bell Investment Advisors Inc purchased a new position in shares of Invesco S&P 500 Quality ETF in the 1st quarter valued at about $28,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth about $33,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the first quarter worth about $33,000.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ stock opened at $86.85 on Monday. The company’s 50 day moving average price is $84.17 and its 200 day moving average price is $79.76. Invesco S&P 500 Quality ETF has a fifty-two week low of $70.26 and a fifty-two week high of $90.26. The firm has a market capitalization of $18.49 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.