Concourse Financial Group Securities Inc. Grows Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Concourse Financial Group Securities Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,607 shares of the company’s stock after purchasing an additional 2,096 shares during the quarter. Concourse Financial Group Securities Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $1,980,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SPHQ. Raymond James & Associates lifted its stake in shares of Invesco S&P 500 Quality ETF by 7.0% in the 3rd quarter. Raymond James & Associates now owns 244,557 shares of the company’s stock valued at $12,238,000 after purchasing an additional 16,084 shares during the last quarter. Bank of New York Mellon Corp bought a new position in Invesco S&P 500 Quality ETF during the third quarter valued at $72,530,000. Brown Advisory Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth about $319,000. Brighton Jones LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 13.4% during the 3rd quarter. Brighton Jones LLC now owns 4,524 shares of the company’s stock worth $226,000 after purchasing an additional 536 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Invesco S&P 500 Quality ETF by 167.8% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 18,749 shares of the company’s stock valued at $938,000 after purchasing an additional 11,749 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA SPHQ traded up $0.11 during trading on Thursday, hitting $59.88. The stock had a trading volume of 1,133,997 shares, compared to its average volume of 1,036,053. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 21.94 and a beta of 0.97. The stock has a 50 day simple moving average of $59.38 and a 200 day simple moving average of $55.72. Invesco S&P 500 Quality ETF has a one year low of $47.00 and a one year high of $60.77.

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.