Burns Matteson Capital Management LLC Increases Position in Invesco S&P 500 Quality ETF $SPHQ

Burns Matteson Capital Management LLC increased its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 220,656 shares of the company’s stock after purchasing an additional 13,224 shares during the period. Invesco S&P 500 Quality ETF makes up about 5.5% of Burns Matteson Capital Management LLC’s holdings, making the stock its 2nd biggest position. Burns Matteson Capital Management LLC owned 0.11% of Invesco S&P 500 Quality ETF worth $16,172,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SPHQ. Ameriprise Financial Inc. increased its stake in shares of Invesco S&P 500 Quality ETF by 68.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after acquiring an additional 3,741,699 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Invesco S&P 500 Quality ETF by 61.2% in the second quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock worth $275,733,000 after purchasing an additional 1,469,187 shares during the period. Mainstay Capital Management LLC ADV increased its stake in Invesco S&P 500 Quality ETF by 100.8% in the second quarter. Mainstay Capital Management LLC ADV now owns 1,345,602 shares of the company’s stock valued at $95,888,000 after purchasing an additional 675,521 shares in the last quarter. Demars Financial Group LLC bought a new stake in Invesco S&P 500 Quality ETF in the second quarter valued at $40,771,000. Finally, First International Bank & Trust acquired a new position in shares of Invesco S&P 500 Quality ETF during the second quarter valued at about $40,574,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ opened at $76.33 on Friday. The stock has a 50-day moving average of $74.42 and a 200-day moving average of $72.88. The company has a market cap of $15.56 billion, a PE ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a one year low of $57.67 and a one year high of $76.60.

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.