94,687 Shares in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Acquired by Synergy Investment Management LLC

Synergy Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 94,687 shares of the company’s stock, valued at approximately $6,347,000. Invesco S&P 500 Quality ETF comprises about 2.7% of Synergy Investment Management LLC’s investment portfolio, making the stock its 10th biggest position. Synergy Investment Management LLC owned approximately 0.06% of Invesco S&P 500 Quality ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Assetmark Inc. grew its position in shares of Invesco S&P 500 Quality ETF by 43,723.2% in the third quarter. Assetmark Inc. now owns 624,481 shares of the company’s stock valued at $42,009,000 after purchasing an additional 623,056 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in Invesco S&P 500 Quality ETF by 5.4% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock valued at $514,378,000 after purchasing an additional 393,229 shares during the period. Jones Financial Companies Lllp grew its holdings in Invesco S&P 500 Quality ETF by 66.5% in the 4th quarter. Jones Financial Companies Lllp now owns 766,218 shares of the company’s stock valued at $51,360,000 after buying an additional 305,990 shares in the last quarter. Wealth Management Resources Inc. increased its position in Invesco S&P 500 Quality ETF by 132.6% during the 4th quarter. Wealth Management Resources Inc. now owns 502,362 shares of the company’s stock worth $33,673,000 after buying an additional 286,391 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 10.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 2,093,687 shares of the company’s stock worth $140,888,000 after buying an additional 197,353 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $69.57 on Tuesday. The firm has a 50-day moving average of $68.98 and a 200-day moving average of $67.84. Invesco S&P 500 Quality ETF has a 52-week low of $57.17 and a 52-week high of $71.22. The stock has a market cap of $11.77 billion, a PE ratio of 29.27 and a beta of 0.94.

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.