Mutual Advisors LLC Acquires New Shares in Invesco S&P 500 Quality ETF $SPHQ

Mutual Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the second quarter, Holdings Channel reports. The fund purchased 3,424 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds have also recently made changes to their positions in SPHQ. Berkshire Money Management Inc. acquired a new stake in shares of Invesco S&P 500 Quality ETF during the second quarter valued at about $28,000. Independence Bank of Kentucky acquired a new stake in shares of Invesco S&P 500 Quality ETF during the second quarter valued at about $33,000. Golden State Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 612.2% during the first quarter. Golden State Wealth Management LLC now owns 527 shares of the company’s stock valued at $35,000 after purchasing an additional 453 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the first quarter valued at about $36,000. Finally, Resources Management Corp CT ADV acquired a new stake in shares of Invesco S&P 500 Quality ETF during the first quarter valued at about $44,000.

Invesco S&P 500 Quality ETF Trading Up 0.6%

Shares of SPHQ stock opened at $74.71 on Wednesday. The business’s 50-day moving average price is $72.88 and its 200-day moving average price is $70.34. Invesco S&P 500 Quality ETF has a 12 month low of $57.67 and a 12 month high of $74.88. The firm has a market capitalization of $15.23 billion, a price-to-earnings ratio of 25.36 and a beta of 0.94.

About Invesco S&P 500 Quality ETF

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.