Compass Ion Advisors LLC Makes New Investment in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Compass Ion Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 30,521 shares of the company’s stock, valued at approximately $2,046,000.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Invesco S&P 500 Quality ETF by 75.3% in the fourth quarter. Blue Trust Inc. now owns 1,183 shares of the company’s stock worth $80,000 after acquiring an additional 508 shares during the period. Brookstone Capital Management raised its position in shares of Invesco S&P 500 Quality ETF by 25.4% in the fourth quarter. Brookstone Capital Management now owns 10,602 shares of the company’s stock valued at $711,000 after purchasing an additional 2,150 shares during the period. US Bancorp DE raised its position in shares of Invesco S&P 500 Quality ETF by 75.9% in the fourth quarter. US Bancorp DE now owns 11,911 shares of the company’s stock valued at $798,000 after purchasing an additional 5,140 shares during the period. JPMorgan Chase & Co. raised its position in shares of Invesco S&P 500 Quality ETF by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 219,518 shares of the company’s stock valued at $14,767,000 after purchasing an additional 14,481 shares during the period. Finally, Jane Street Group LLC purchased a new position in Invesco S&P 500 Quality ETF during the third quarter valued at approximately $1,273,000.

Invesco S&P 500 Quality ETF Trading Down 1.1 %

Shares of NYSEARCA:SPHQ opened at $66.42 on Wednesday. The company has a 50 day moving average of $68.93 and a 200 day moving average of $67.98. The stock has a market cap of $11.49 billion, a P/E ratio of 27.16 and a beta of 0.93. Invesco S&P 500 Quality ETF has a 12 month low of $57.17 and a 12 month high of $71.22.

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.