Demars Financial Group LLC Has $44.81 Million Position in Invesco S&P 500 Quality ETF $SPHQ

Demars Financial Group LLC increased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 6.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 611,357 shares of the company’s stock after acquiring an additional 39,210 shares during the period. Invesco S&P 500 Quality ETF comprises about 15.5% of Demars Financial Group LLC’s portfolio, making the stock its biggest position. Demars Financial Group LLC owned about 0.30% of Invesco S&P 500 Quality ETF worth $44,806,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SPHQ. Berkshire Money Management Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF during the second quarter worth about $28,000. Independence Bank of Kentucky acquired a new stake in Invesco S&P 500 Quality ETF during the 2nd quarter worth approximately $33,000. Grey Fox Wealth Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF during the 3rd quarter worth approximately $47,000. Bogart Wealth LLC increased its position in Invesco S&P 500 Quality ETF by 19.2% in the 2nd quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock valued at $69,000 after acquiring an additional 155 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new position in Invesco S&P 500 Quality ETF in the 2nd quarter valued at approximately $72,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA:SPHQ opened at $76.42 on Wednesday. The firm has a market cap of $15.49 billion, a PE ratio of 25.36 and a beta of 0.92. The firm’s fifty day moving average is $75.28 and its 200-day moving average is $73.63. Invesco S&P 500 Quality ETF has a 52 week low of $57.67 and a 52 week high of $78.09.

Invesco S&P 500 Quality ETF 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.