Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) is Davidson Capital Management Inc.’s 2nd Largest Position

Davidson Capital Management Inc. grew its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 835,218 shares of the company’s stock after buying an additional 13,856 shares during the quarter. Invesco S&P 500 Quality ETF accounts for 14.7% of Davidson Capital Management Inc.’s portfolio, making the stock its 2nd largest position. Davidson Capital Management Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $55,985,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in Invesco S&P 500 Quality ETF by 5.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock valued at $527,025,000 after acquiring an additional 376,770 shares in the last quarter. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 1.9% in the third quarter. LPL Financial LLC now owns 7,743,714 shares of the company’s stock worth $520,920,000 after purchasing an additional 141,687 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 5.4% during the fourth 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 in the last quarter. FMR LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 4.5% during the third quarter. FMR LLC now owns 4,263,355 shares of the company’s stock valued at $286,796,000 after buying an additional 184,895 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in Invesco S&P 500 Quality ETF by 10.4% in the 3rd 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 NYSEARCA:SPHQ opened at $70.56 on Wednesday. The business has a 50-day simple moving average of $68.54 and a two-hundred day simple moving average of $67.17. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a fifty-two week low of $56.56 and a fifty-two week high of $70.69.

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.