Park Edge Advisors LLC Makes New $3.94 Million Investment in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Park Edge Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the first quarter, HoldingsChannel reports. The institutional investor purchased 65,251 shares of the company’s stock, valued at approximately $3,942,000. Invesco S&P 500 Quality ETF makes up about 1.1% of Park Edge Advisors LLC’s holdings, making the stock its 10th biggest holding.

Several other large investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Invesco S&P 500 Quality ETF by 20.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,978,220 shares of the company’s stock worth $421,624,000 after buying an additional 1,183,904 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Quality ETF by 5.4% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,493,947 shares of the company’s stock worth $188,953,000 after purchasing an additional 178,554 shares during the period. International Assets Investment Management LLC bought a new stake in Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $143,042,000. Wells Fargo & Company MN raised its holdings in Invesco S&P 500 Quality ETF by 38.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,147,557 shares of the company’s stock worth $116,140,000 after buying an additional 601,790 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Invesco S&P 500 Quality ETF by 15.5% in the third quarter. Ameriprise Financial Inc. now owns 1,847,396 shares of the company’s stock valued at $92,469,000 after buying an additional 247,743 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA:SPHQ traded up $0.33 on Thursday, hitting $64.29. 422,319 shares of the company’s stock were exchanged, compared to its average volume of 966,440. The firm has a 50-day moving average price of $61.88 and a 200-day moving average price of $58.88. Invesco S&P 500 Quality ETF has a 52 week low of $47.72 and a 52 week high of $65.57. The company has a market cap of $9.61 billion, a P/E ratio of 22.60 and a beta of 0.98.

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.