Madison Investment Advisors LLC Purchases Shares of 1,322,117 Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Madison Investment Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,322,117 shares of the company’s stock, valued at approximately $88,622,000.

A number of other hedge funds have also modified their holdings of the stock. Gateway Wealth Partners LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 2.8% during the fourth quarter. Gateway Wealth Partners LLC now owns 5,399 shares of the company’s stock valued at $362,000 after buying an additional 149 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 4.0% in the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after purchasing an additional 151 shares during the period. Lunt Capital Management Inc. lifted its position in Invesco S&P 500 Quality ETF by 1.9% in the 4th quarter. Lunt Capital Management Inc. now owns 9,724 shares of the company’s stock worth $652,000 after buying an additional 182 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 1.9% during the 4th quarter. DAVENPORT & Co LLC now owns 9,932 shares of the company’s stock valued at $666,000 after buying an additional 188 shares during the period. Finally, Alta Wealth Advisors LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 2.0% in the fourth quarter. Alta Wealth Advisors LLC now owns 9,605 shares of the company’s stock worth $644,000 after acquiring an additional 190 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Up 0.1 %

SPHQ opened at $66.40 on Thursday. Invesco S&P 500 Quality ETF has a 1 year low of $57.17 and a 1 year high of $71.22. The stock has a fifty day moving average price of $69.02 and a 200 day moving average price of $67.97. The stock has a market cap of $11.49 billion, a price-to-earnings ratio of 27.16 and a beta of 0.93.

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.