United Community Bank raised its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 24.3% during the second quarter, HoldingsChannel reports. The firm owned 76,985 shares of the company’s stock after buying an additional 15,060 shares during the quarter. Invesco S&P 500 Quality ETF comprises 2.2% of United Community Bank’s holdings, making the stock its 6th largest position. United Community Bank’s holdings in Invesco S&P 500 Quality ETF were worth $6,936,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. MTM Investment Management LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC bought a new stake in Invesco S&P 500 Quality ETF in the first quarter worth $27,000. Bell Investment Advisors Inc bought a new stake in Invesco S&P 500 Quality ETF in the first quarter worth $28,000. IFC & Insurance Marketing Inc. bought a new stake in Invesco S&P 500 Quality ETF in the fourth quarter worth $29,000. Finally, Merkkuri Wealth Advisors LLC purchased a new position in Invesco S&P 500 Quality ETF during the first quarter worth $33,000.
Invesco S&P 500 Quality ETF Stock Up 0.4%
SPHQ stock opened at $85.13 on Friday. Invesco S&P 500 Quality ETF has a twelve month low of $71.57 and a twelve month high of $90.36. The stock has a market capitalization of $19.55 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The firm’s fifty day simple moving average is $86.25 and its two-hundred day simple moving average is $82.95.
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.
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