7,053 Shares of Invesco S&P 500 Quality ETF $SPHQ Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 7,053 shares of the company’s stock, valued at approximately $593,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPHQ. HBW Advisory Services LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 1.2% during the third quarter. HBW Advisory Services LLC now owns 10,350 shares of the company’s stock valued at $870,000 after buying an additional 119 shares during the period. World Investment Advisors raised its holdings in shares of Invesco S&P 500 Quality ETF by 0.6% in the first quarter. World Investment Advisors now owns 24,754 shares of the company’s stock worth $1,861,000 after buying an additional 142 shares during the period. Wisconsin Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 0.4% in the third quarter. Wisconsin Wealth Advisors LLC now owns 38,424 shares of the company’s stock worth $3,231,000 after buying an additional 149 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Invesco S&P 500 Quality ETF by 0.5% during the 1st quarter. GHP Investment Advisors Inc. now owns 29,891 shares of the company’s stock worth $2,247,000 after acquiring an additional 153 shares during the last quarter. Finally, DBK Financial Counsel LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 0.4% during the 1st quarter. DBK Financial Counsel LLC now owns 44,727 shares of the company’s stock worth $3,363,000 after acquiring an additional 165 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Down 1.0%

SPHQ opened at $83.00 on Friday. The business has a fifty day moving average of $84.93 and a 200 day moving average of $84.66. Invesco S&P 500 Quality ETF has a 52-week low of $71.57 and a 52-week high of $90.36. The stock has a market cap of $18.56 billion, a P/E ratio of 25.36 and a beta of 0.91.

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.