16,551 Shares in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Purchased by Synovus Financial Corp

Synovus Financial Corp bought a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 16,551 shares of the company’s stock, valued at approximately $1,109,000.

A number of other hedge funds have also added to or reduced their stakes in SPHQ. Bernard Wealth Management Corp. purchased a new position in Invesco S&P 500 Quality ETF during the fourth quarter valued at approximately $26,000. Millstone Evans Group LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter valued at $33,000. Briaud Financial Planning Inc bought a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth $34,000. Luken Investment Analytics LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth $40,000. Finally, Lee Danner & Bass Inc. bought a new stake in Invesco S&P 500 Quality ETF during the fourth quarter valued at $40,000.

Invesco S&P 500 Quality ETF Stock Down 0.1 %

Shares of NYSEARCA SPHQ opened at $63.80 on Wednesday. The firm has a market capitalization of $11.32 billion, a P/E ratio of 26.90 and a beta of 0.93. The stock’s 50-day simple moving average is $67.08 and its two-hundred day simple moving average is $67.67. Invesco S&P 500 Quality ETF has a twelve month low of $57.17 and a twelve month high of $71.22.

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.