Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) is Davidson Capital Management Inc.’s 2nd Largest Position

Davidson Capital Management Inc. raised its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 821,362 shares of the company’s stock after buying an additional 12,819 shares during the period. Invesco S&P 500 Quality ETF comprises approximately 15.9% of Davidson Capital Management Inc.’s holdings, making the stock its 2nd largest position. Davidson Capital Management Inc. owned approximately 0.55% of Invesco S&P 500 Quality ETF worth $55,253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPHQ. Woodmont Investment Counsel LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the 1st quarter valued at about $25,000. SYM FINANCIAL Corp purchased a new stake in Invesco S&P 500 Quality ETF in the 2nd quarter worth about $28,000. Abich Financial Wealth Management LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter worth about $38,000. Blue Trust Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF during the third quarter worth approximately $43,000. Finally, ORG Partners LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the second quarter worth approximately $45,000.

Invesco S&P 500 Quality ETF Stock Up 0.1 %

SPHQ stock traded up $0.10 during trading on Tuesday, hitting $66.83. 277,026 shares of the company’s stock traded hands, compared to its average volume of 961,992. The firm has a market capitalization of $9.99 billion, a P/E ratio of 22.60 and a beta of 0.98. The business has a fifty day simple moving average of $66.62 and a two-hundred day simple moving average of $63.81. Invesco S&P 500 Quality ETF has a 1 year low of $48.07 and a 1 year high of $68.38.

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.