Demars Financial Group LLC Raises Stock Position in Invesco S&P 500 Quality ETF $SPHQ

Demars Financial Group LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 639,632 shares of the company’s stock after acquiring an additional 28,275 shares during the quarter. Invesco S&P 500 Quality ETF makes up approximately 16.1% of Demars Financial Group LLC’s portfolio, making the stock its largest holding. Demars Financial Group LLC owned 0.32% of Invesco S&P 500 Quality ETF worth $48,004,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Verum Partners LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 0.3% in the 4th quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock valued at $3,772,000 after purchasing an additional 141 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 4.0% in the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after purchasing an additional 151 shares in the last quarter. Fragasso Financial Advisors Inc boosted its stake in shares of Invesco S&P 500 Quality ETF by 0.5% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 31,677 shares of the company’s stock valued at $2,342,000 after purchasing an additional 157 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Invesco S&P 500 Quality ETF by 1.1% in the 2nd quarter. Brown Advisory Inc. now owns 15,535 shares of the company’s stock valued at $1,107,000 after purchasing an additional 166 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 0.5% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 35,163 shares of the company’s stock valued at $2,577,000 after purchasing an additional 168 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA:SPHQ opened at $78.63 on Thursday. Invesco S&P 500 Quality ETF has a 52 week low of $58.58 and a 52 week high of $81.04. The company’s fifty day moving average is $77.89 and its 200-day moving average is $75.86. The company has a market capitalization of $16.45 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.