Invesco S&P 500 Quality ETF $SPHQ Stock: Ballast Inc. Increases Stake

Ballast Inc. lifted its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,010 shares of the company’s stock after acquiring an additional 19,141 shares during the quarter. Invesco S&P 500 Quality ETF makes up approximately 6.1% of Ballast Inc.’s portfolio, making the stock its 3rd largest position. Ballast Inc. owned about 0.17% of Invesco S&P 500 Quality ETF worth $32,624,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPHQ. New England Private Wealth Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF during the third quarter worth $530,000. Tenet Wealth Partners LLC grew its stake in Invesco S&P 500 Quality ETF by 23.6% in the 3rd quarter. Tenet Wealth Partners LLC now owns 12,647 shares of the company’s stock valued at $1,063,000 after buying an additional 2,414 shares in the last quarter. Richards Merrill & Peterson Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at $98,000. Quantum Financial Partners LLC boosted its stake in Invesco S&P 500 Quality ETF by 30.6% in the 3rd quarter. Quantum Financial Partners LLC now owns 5,125 shares of the company’s stock worth $431,000 after purchasing an additional 1,200 shares during the period. Finally, Cottage Street Advisors LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the third quarter valued at approximately $464,000.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ traded down $0.03 on Tuesday, reaching $84.24. The company had a trading volume of 408,706 shares, compared to its average volume of 1,596,809. The business has a 50 day simple moving average of $85.17 and a 200 day simple moving average of $84.49. The company has a market cap of $18.80 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 52-week low of $71.57 and a 52-week high of $90.36.

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.