Tennessee Valley Asset Management Partners Acquires Shares of 2,718 Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Tennessee Valley Asset Management Partners acquired a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,718 shares of the company’s stock, valued at approximately $147,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 105.8% during the third quarter. Wolff Wiese Magana LLC now owns 566 shares of the company’s stock worth $28,000 after purchasing an additional 291 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 149.6% during the fourth quarter. Sound Income Strategies LLC now owns 579 shares of the company’s stock worth $31,000 after purchasing an additional 347 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 275.6% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 661 shares of the company’s stock worth $36,000 after purchasing an additional 485 shares during the last quarter. Glass Jacobson Investment Advisors llc bought a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth about $50,000. Finally, Halpern Financial Inc. bought a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth about $53,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $57.92 on Tuesday. Invesco S&P 500 Quality ETF has a one year low of $46.71 and a one year high of $60.77. The company’s 50-day simple moving average is $59.06 and its 200-day simple moving average is $55.03. The stock has a market capitalization of $8.39 billion, a price-to-earnings ratio of 21.97 and a beta of 0.96.

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.