D.A. Davidson & CO. Has $2.34 Million Holdings in Invesco S&P 500 Quality ETF $SPHQ

D.A. Davidson & CO. lifted its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 48.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,855 shares of the company’s stock after purchasing an additional 10,456 shares during the quarter. D.A. Davidson & CO.’s holdings in Invesco S&P 500 Quality ETF were worth $2,335,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Berkshire Money Management Inc. acquired a new stake in Invesco S&P 500 Quality ETF in the 2nd quarter valued at $28,000. Independence Bank of Kentucky acquired a new stake in shares of Invesco S&P 500 Quality ETF in the second quarter valued at about $33,000. Bogart Wealth LLC raised its holdings in Invesco S&P 500 Quality ETF by 19.2% during the second quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock worth $69,000 after acquiring an additional 155 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Invesco S&P 500 Quality ETF during the second quarter valued at approximately $72,000. Finally, Adirondack Trust Co. acquired a new position in Invesco S&P 500 Quality ETF during the second quarter valued at approximately $77,000.

Invesco S&P 500 Quality ETF Stock Up 1.2%

NYSEARCA:SPHQ opened at $77.35 on Friday. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a twelve month low of $57.67 and a twelve month high of $77.46. The stock’s 50 day moving average price is $74.77 and its two-hundred day moving average price is $73.29.

Invesco S&P 500 Quality ETF 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.