Fragasso Financial Advisors Inc Acquires New Stake in Invesco S&P 500 Quality ETF $SPHQ

Fragasso Financial Advisors Inc bought a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,219 shares of the company’s stock, valued at approximately $2,250,000.

A number of other institutional investors have also modified their holdings of the business. Envestnet Asset Management Inc. grew its position in Invesco S&P 500 Quality ETF by 236.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock worth $606,532,000 after purchasing an additional 4,733,411 shares during the last quarter. Independence Asset Advisors LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the first quarter worth about $73,856,000. Rockefeller Capital Management L.P. boosted its stake in shares of Invesco S&P 500 Quality ETF by 440.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 657,603 shares of the company’s stock worth $49,353,000 after buying an additional 535,929 shares during the period. Sax Wealth Advisors LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 21.3% during the second quarter. Sax Wealth Advisors LLC now owns 542,051 shares of the company’s stock worth $48,839,000 after buying an additional 95,095 shares during the last quarter. Finally, Milestone Investment Advisors LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 0.4% during the first quarter. Milestone Investment Advisors LLC now owns 528,118 shares of the company’s stock worth $39,709,000 after buying an additional 2,201 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Down 0.5%

SPHQ stock traded down $0.46 during trading on Tuesday, hitting $85.06. The company had a trading volume of 420,869 shares, compared to its average volume of 1,607,885. The firm has a 50-day moving average price of $85.34 and a 200-day moving average price of $84.15. The firm has a market cap of $18.91 billion, a PE ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 1-year low of $71.57 and a 1-year high of $90.36.

About Invesco S&P 500 Quality ETF

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.