Davidson Capital Management Inc. Grows Stake in Invesco S&P 500 Quality ETF $SPHQ

Davidson Capital Management Inc. increased its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 629,359 shares of the company’s stock after purchasing an additional 18,440 shares during the quarter. Invesco S&P 500 Quality ETF accounts for 10.3% of Davidson Capital Management Inc.’s portfolio, making the stock its 3rd biggest holding. Davidson Capital Management Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $46,126,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SPHQ. Dunhill Financial LLC boosted its holdings in Invesco S&P 500 Quality ETF by 10,060.0% in the third quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 503 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the third quarter valued at approximately $47,000. Smartleaf Asset Management LLC raised its position in shares of Invesco S&P 500 Quality ETF by 197.3% during the third quarter. Smartleaf Asset Management LLC now owns 779 shares of the company’s stock worth $57,000 after purchasing an additional 517 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of Invesco S&P 500 Quality ETF in the 2nd quarter worth $72,000. Finally, Optiver Holding B.V. acquired a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at $89,000.

Invesco S&P 500 Quality ETF Trading Up 0.5%

Shares of SPHQ stock opened at $79.69 on Thursday. The firm has a fifty day simple moving average of $78.12 and a two-hundred day simple moving average of $75.19. Invesco S&P 500 Quality ETF has a 12 month low of $57.67 and a 12 month high of $81.04. The firm has a market capitalization of $16.28 billion, a PE ratio of 25.36 and a beta of 0.92.

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