Endowment Wealth Management Inc. Grows Position in Invesco S&P 500 Quality ETF $SPHQ

Endowment Wealth Management Inc. lifted its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,446 shares of the company’s stock after purchasing an additional 2,485 shares during the quarter. Invesco S&P 500 Quality ETF comprises approximately 1.4% of Endowment Wealth Management Inc.’s investment portfolio, making the stock its 19th biggest position. Endowment Wealth Management Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $2,668,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Berkshire Money Management Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF during the 2nd quarter worth $28,000. Independence Bank of Kentucky acquired a new position in Invesco S&P 500 Quality ETF during the 2nd quarter worth about $33,000. Highline Wealth Partners LLC acquired a new position in Invesco S&P 500 Quality ETF during the 1st quarter worth about $33,000. Golden State Wealth Management LLC lifted its stake in Invesco S&P 500 Quality ETF by 612.2% during the 1st quarter. Golden State Wealth Management LLC now owns 527 shares of the company’s stock worth $35,000 after acquiring an additional 453 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new position in Invesco S&P 500 Quality ETF during the 1st quarter worth about $36,000.

Invesco S&P 500 Quality ETF Trading Down 1.8%

SPHQ opened at $72.21 on Monday. The stock’s 50-day moving average price is $72.61 and its 200 day moving average price is $69.95. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $74.45. The firm has a market cap of $14.79 billion, a price-to-earnings 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.