Evergreen Capital Management LLC Acquires New Shares in Invesco S&P 500 Quality ETF $SPHQ

Evergreen Capital Management LLC acquired a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the third quarter, according to its most recent filing with the SEC. The firm acquired 358,209 shares of the company’s stock, valued at approximately $30,118,000.

Other large investors have also recently made changes to their positions in the company. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the third quarter valued at approximately $649,488,000. Envestnet Asset Management Inc. lifted its stake in Invesco S&P 500 Quality ETF by 236.9% in the second quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock worth $606,532,000 after acquiring an additional 4,733,411 shares during the period. Independence Asset Advisors LLC purchased a new stake in Invesco S&P 500 Quality ETF in the first quarter worth $73,856,000. Demars Financial Group LLC lifted its stake in Invesco S&P 500 Quality ETF by 5.8% in the third quarter. Demars Financial Group LLC now owns 776,231 shares of the company’s stock worth $65,265,000 after acquiring an additional 42,593 shares during the period. Finally, Sax Wealth Advisors LLC boosted its holdings in Invesco S&P 500 Quality ETF by 22.4% in the third quarter. Sax Wealth Advisors LLC now owns 663,646 shares of the company’s stock valued at $55,799,000 after acquiring an additional 121,595 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Down 1.0%

NYSEARCA:SPHQ opened at $83.00 on Friday. The firm’s fifty day simple moving average is $84.93 and its 200 day simple moving average is $84.66. The stock has a market cap of $18.56 billion, a P/E ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a twelve month low of $71.57 and a twelve month high of $90.36.

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