Family Capital Management Inc. Boosts Stake in Invesco S&P 500 Quality ETF $SPHQ

Family Capital Management Inc. raised its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 102.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 26,916 shares of the company’s stock after acquiring an additional 13,616 shares during the period. Invesco S&P 500 Quality ETF makes up about 1.0% of Family Capital Management Inc.’s investment portfolio, making the stock its 21st largest position. Family Capital Management Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $1,918,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC grew its position in Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after buying an additional 151 shares in the last quarter. Gateway Wealth Partners LLC lifted its stake in Invesco S&P 500 Quality ETF by 2.8% during the first quarter. Gateway Wealth Partners LLC now owns 5,551 shares of the company’s stock worth $368,000 after purchasing an additional 152 shares during the last quarter. Bogart Wealth LLC lifted its stake in Invesco S&P 500 Quality ETF by 19.2% during the second quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock worth $69,000 after purchasing an additional 155 shares during the last quarter. Trek Financial LLC lifted its stake in Invesco S&P 500 Quality ETF by 3.1% during the first quarter. Trek Financial LLC now owns 5,677 shares of the company’s stock worth $377,000 after purchasing an additional 169 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Invesco S&P 500 Quality ETF by 2.5% during the first quarter. Sequoia Financial Advisors LLC now owns 8,463 shares of the company’s stock worth $561,000 after purchasing an additional 204 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Up 0.6%

Shares of SPHQ stock opened at $74.71 on Wednesday. The business has a 50-day moving average price of $72.88 and a two-hundred day moving average price of $70.34. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $74.88. The firm has a market cap of $15.23 billion, a P/E ratio of 25.36 and a beta of 0.94.

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.