Spinnaker Investment Group LLC Purchases New Shares in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Spinnaker Investment Group LLC bought a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the first quarter, HoldingsChannel.com reports. The fund bought 3,404 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Woodmont Investment Counsel LLC purchased a new position in Invesco S&P 500 Quality ETF in the first quarter worth about $25,000. Glassman Wealth Services raised its holdings in Invesco S&P 500 Quality ETF by 121.7% in the fourth quarter. Glassman Wealth Services now owns 510 shares of the company’s stock worth $28,000 after buying an additional 280 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Invesco S&P 500 Quality ETF by 149.6% in the fourth quarter. Sound Income Strategies LLC now owns 579 shares of the company’s stock worth $31,000 after buying an additional 347 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Invesco S&P 500 Quality ETF by 275.6% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 661 shares of the company’s stock worth $36,000 after buying an additional 485 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc purchased a new position in Invesco S&P 500 Quality ETF in the fourth quarter worth about $50,000.

Invesco S&P 500 Quality ETF Stock Up 0.5 %

Invesco S&P 500 Quality ETF stock traded up $0.33 during trading hours on Thursday, hitting $64.29. The stock had a trading volume of 422,319 shares, compared to its average volume of 966,440. The stock has a market capitalization of $9.61 billion, a P/E ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 12-month low of $47.72 and a 12-month high of $65.57. The stock’s 50-day moving average price is $61.88 and its 200-day moving average price is $58.88.

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.