Symphony Financial Ltd. Co. Grows Stake in Invesco S&P 500 Quality ETF $SPHQ

Symphony Financial Ltd. Co. lifted its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 6.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 153,926 shares of the company’s stock after purchasing an additional 9,671 shares during the quarter. Invesco S&P 500 Quality ETF comprises approximately 1.6% of Symphony Financial Ltd. Co.’s portfolio, making the stock its 15th largest holding. Symphony Financial Ltd. Co. owned approximately 0.07% of Invesco S&P 500 Quality ETF worth $13,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ameriprise Financial Inc. boosted its stake in Invesco S&P 500 Quality ETF by 68.0% during the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after buying an additional 3,741,699 shares during the period. Bank of America Corp DE raised its holdings in shares of Invesco S&P 500 Quality ETF by 8.0% in the 3rd quarter. Bank of America Corp DE now owns 4,710,108 shares of the company’s stock valued at $345,204,000 after acquiring an additional 349,166 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Invesco S&P 500 Quality ETF by 15.6% in the 3rd quarter. Raymond James Financial Inc. now owns 4,473,245 shares of the company’s stock valued at $327,844,000 after acquiring an additional 603,848 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Invesco S&P 500 Quality ETF by 3.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,801,483 shares of the company’s stock valued at $210,251,000 after acquiring an additional 80,335 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Invesco S&P 500 Quality ETF by 2.7% during the 4th quarter. Royal Bank of Canada now owns 2,617,869 shares of the company’s stock valued at $196,470,000 after acquiring an additional 69,645 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Down 1.1%

Shares of NYSEARCA SPHQ opened at $84.50 on Wednesday. Invesco S&P 500 Quality ETF has a 12 month low of $71.40 and a 12 month high of $90.36. The firm has a market capitalization of $19.41 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The business has a 50-day moving average of $86.37 and a 200-day moving average of $82.86.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.