Steelhead Wealth Management LLC Purchases New Position in Invesco S&P 500 Quality ETF $SPHQ

Steelhead Wealth Management LLC acquired a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,111 shares of the company’s stock, valued at approximately $2,264,000. Invesco S&P 500 Quality ETF makes up about 1.1% of Steelhead Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors also recently bought and sold shares of SPHQ. MTM Investment Management LLC bought a new stake in Invesco S&P 500 Quality ETF during the 4th quarter valued at $26,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the first quarter valued at $27,000. Bell Investment Advisors Inc bought a new stake in shares of Invesco S&P 500 Quality ETF in the first quarter valued at about $28,000. IFC & Insurance Marketing Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at about $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Invesco S&P 500 Quality ETF in the fourth quarter worth about $33,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $84.67 on Monday. Invesco S&P 500 Quality ETF has a 1 year low of $70.40 and a 1 year high of $90.36. The firm’s 50-day moving average is $86.55 and its two-hundred day moving average is $81.59. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 25.36 and a beta of 0.90.

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.