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

Sowell Financial Services LLC acquired a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,053 shares of the company’s stock, valued at approximately $593,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Tompkins Financial Corp purchased a new position in shares of Invesco S&P 500 Quality ETF during the third quarter worth approximately $25,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the first quarter valued at approximately $27,000. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the first quarter valued at approximately $33,000. Networth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the first quarter valued at approximately $43,000. Finally, Continuum Advisory LLC bought a new position in Invesco S&P 500 Quality ETF in the second quarter worth approximately $48,000.

Invesco S&P 500 Quality ETF Stock Down 1.0%

Shares of NYSEARCA:SPHQ opened at $83.00 on Friday. The business’s 50 day moving average is $84.93 and its 200 day moving average is $84.66. The stock has a market cap of $18.56 billion, a P/E ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 52-week low of $71.57 and a 52-week high of $90.36.

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.