Invesco S&P 500 Quality ETF $SPHQ Position Boosted by Savvy Advisors Inc.

Savvy Advisors Inc. grew its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1,564.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,619 shares of the company’s stock after purchasing an additional 85,174 shares during the period. Savvy Advisors Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $6,801,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SPHQ. Baird Financial Group Inc. increased its stake in shares of Invesco S&P 500 Quality ETF by 458.9% in the second quarter. Baird Financial Group Inc. now owns 208,184 shares of the company’s stock worth $14,835,000 after acquiring an additional 170,936 shares during the last quarter. Ausdal Financial Partners Inc. boosted its position in Invesco S&P 500 Quality ETF by 187.2% during the third quarter. Ausdal Financial Partners Inc. now owns 41,424 shares of the company’s stock valued at $3,036,000 after purchasing an additional 27,003 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its stake in Invesco S&P 500 Quality ETF by 235.2% in the third quarter. Focus Partners Advisor Solutions LLC now owns 10,107 shares of the company’s stock valued at $742,000 after purchasing an additional 7,092 shares in the last quarter. Alpine Bank Wealth Management grew its stake in Invesco S&P 500 Quality ETF by 1.3% in the fourth quarter. Alpine Bank Wealth Management now owns 555,050 shares of the company’s stock valued at $41,657,000 after purchasing an additional 7,296 shares in the last quarter. Finally, CW Advisors LLC increased its position in Invesco S&P 500 Quality ETF by 72.8% in the 2nd quarter. CW Advisors LLC now owns 17,122 shares of the company’s stock worth $1,220,000 after purchasing an additional 7,216 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

SPHQ opened at $75.76 on Friday. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.67 and a fifty-two week high of $81.04. The business has a 50-day moving average of $77.93 and a 200-day moving average of $75.78. The company has a market capitalization of $15.82 billion, a PE ratio of 25.36 and a beta of 0.92.

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.