Sheets Smith Wealth Management Purchases New Stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Sheets Smith Wealth Management purchased a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,284 shares of the company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth about $34,000. Abich Financial Wealth Management LLC acquired a new stake in Invesco S&P 500 Quality ETF during the third quarter worth approximately $38,000. Blue Trust Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF during the third quarter worth approximately $43,000. VitalStone Financial LLC grew its position in shares of Invesco S&P 500 Quality ETF by 178.8% in the third quarter. VitalStone Financial LLC now owns 814 shares of the company’s stock valued at $55,000 after purchasing an additional 522 shares during the last quarter. Finally, Arrow Financial Corp bought a new position in shares of Invesco S&P 500 Quality ETF during the third quarter worth approximately $106,000.

Invesco S&P 500 Quality ETF Trading Up 0.7 %

NYSEARCA:SPHQ opened at $69.22 on Thursday. The stock has a 50 day simple moving average of $68.09 and a 200 day simple moving average of $66.60. Invesco S&P 500 Quality ETF has a 1-year low of $55.51 and a 1-year high of $69.97. The stock has a market cap of $10.34 billion, a P/E ratio of 22.60 and a beta of 0.98.

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.