Prota Financial LLC Purchases Shares of 57,724 Invesco S&P 500 Quality ETF $SPHQ

Prota Financial LLC purchased a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 57,724 shares of the company’s stock, valued at approximately $5,136,000. Invesco S&P 500 Quality ETF accounts for approximately 3.4% of Prota Financial LLC’s holdings, making the stock its 16th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in SPHQ. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of Invesco S&P 500 Quality ETF by 4.5% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock valued at $238,000 after purchasing an additional 136 shares in the last quarter. Compound Planning Inc. lifted its position in shares of Invesco S&P 500 Quality ETF by 1.0% in the fourth quarter. Compound Planning Inc. now owns 14,556 shares of the company’s stock worth $1,092,000 after buying an additional 138 shares in the last quarter. World Investment Advisors boosted its stake in Invesco S&P 500 Quality ETF by 0.6% during the first quarter. World Investment Advisors now owns 24,754 shares of the company’s stock valued at $1,861,000 after buying an additional 142 shares during the last quarter. Latitude Advisors LLC boosted its stake in Invesco S&P 500 Quality ETF by 3.0% during the fourth quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock valued at $379,000 after buying an additional 148 shares during the last quarter. Finally, Brighton Jones LLC boosted its stake in Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after buying an additional 151 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA SPHQ opened at $87.12 on Wednesday. Invesco S&P 500 Quality ETF has a 1-year low of $70.95 and a 1-year high of $90.36. The business has a 50 day simple moving average of $86.59 and a two-hundred day simple moving average of $81.72. The stock has a market capitalization of $20.01 billion, a PE 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.