Vermillion & White Wealth Management Group LLC Makes New $1.52 Million Investment in Invesco S&P 500 Quality ETF $SPHQ

Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 21,339 shares of the company’s stock, valued at approximately $1,521,000. Invesco S&P 500 Quality ETF comprises approximately 1.0% of Vermillion & White Wealth Management Group LLC’s holdings, making the stock its 16th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in SPHQ. Choreo LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 2nd quarter worth $394,000. J.W. Cole Advisors Inc. increased its holdings in Invesco S&P 500 Quality ETF by 3.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 54,463 shares of the company’s stock worth $3,881,000 after buying an additional 1,678 shares in the last quarter. Richmond Investment Services LLC raised its position in Invesco S&P 500 Quality ETF by 181.3% in the 2nd quarter. Richmond Investment Services LLC now owns 26,256 shares of the company’s stock worth $1,871,000 after buying an additional 16,923 shares during the last quarter. Financial Advocates Investment Management bought a new position in Invesco S&P 500 Quality ETF during the 2nd quarter valued at about $10,049,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Invesco S&P 500 Quality ETF by 71.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 261,438 shares of the company’s stock valued at $18,630,000 after purchasing an additional 108,826 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA:SPHQ opened at $74.38 on Thursday. The stock has a 50-day simple moving average of $73.54 and a two-hundred day simple moving average of $72.10. The firm has a market capitalization of $15.16 billion, a PE ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a 52-week low of $57.67 and a 52-week high of $75.03.

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.