Eagle Strategies LLC Has $15.25 Million Stake in Invesco S&P 500 Quality ETF $SPHQ

Eagle Strategies LLC raised its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 4.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 208,037 shares of the company’s stock after buying an additional 8,788 shares during the period. Invesco S&P 500 Quality ETF comprises about 2.0% of Eagle Strategies LLC’s holdings, making the stock its 9th largest position. Eagle Strategies LLC owned approximately 0.10% of Invesco S&P 500 Quality ETF worth $15,247,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Ameriprise Financial Inc. raised its holdings 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 worth $658,846,000 after acquiring an additional 3,741,699 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Invesco S&P 500 Quality ETF by 61.2% during the 2nd 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 in the last quarter. Mainstay Capital Management LLC ADV raised its stake in shares of 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 worth $95,888,000 after purchasing an additional 675,521 shares during the last quarter. Demars Financial Group LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the second quarter valued at approximately $40,771,000. Finally, First International Bank & Trust purchased a new position in shares of Invesco S&P 500 Quality ETF during the second quarter valued at approximately $40,574,000.

Invesco S&P 500 Quality ETF Trading Up 0.5%

NYSEARCA SPHQ opened at $75.41 on Friday. The business has a fifty day simple moving average of $74.53 and a 200 day simple moving average of $73.07. Invesco S&P 500 Quality ETF has a 12 month low of $57.67 and a 12 month high of $76.60. The firm has a market capitalization of $15.25 billion, a P/E ratio of 25.36 and a beta of 0.92.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.