TSG Advice Partners LLC Makes New $7.39 Million Investment in Invesco S&P 500 Quality ETF $SPHQ

TSG Advice Partners LLC purchased a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 82,050 shares of the company’s stock, valued at approximately $7,393,000. Invesco S&P 500 Quality ETF accounts for approximately 1.0% of TSG Advice Partners LLC’s portfolio, making the stock its 22nd largest position.

Other hedge funds also recently made changes to their positions in the company. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at $649,488,000. Envestnet Asset Management Inc. increased its position in shares of Invesco S&P 500 Quality ETF by 236.9% during the second quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock valued at $606,532,000 after buying an additional 4,733,411 shares during the period. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the third quarter valued at about $269,341,000. Compass Ion Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter worth about $65,102,000. Finally, Evensky & Katz LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter worth about $64,261,000.

Invesco S&P 500 Quality ETF Trading Up 0.2%

SPHQ stock opened at $83.14 on Tuesday. The firm has a 50 day moving average of $84.64 and a 200-day moving average of $82.71. Invesco S&P 500 Quality ETF has a 12 month low of $71.57 and a 12 month high of $90.36. The firm has a market capitalization of $18.55 billion, a P/E ratio of 25.36 and a beta of 0.91.

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.