Savvy Advisors Inc. Has $6.80 Million Stock Holdings in Invesco S&P 500 Quality ETF $SPHQ

Savvy Advisors Inc. grew its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1,564.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 90,619 shares of the company’s stock after purchasing an additional 85,174 shares during the quarter. Savvy Advisors Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $6,801,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SPHQ. Ancora Advisors LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at $35,000. Dunhill Financial LLC increased its position in Invesco S&P 500 Quality ETF by 10,060.0% during the third quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock worth $37,000 after buying an additional 503 shares during the last quarter. Burkett Financial Services LLC acquired a new position in Invesco S&P 500 Quality ETF during the third quarter worth $37,000. Grey Fox Wealth Advisors LLC bought a new position in Invesco S&P 500 Quality ETF during the third quarter valued at about $47,000. Finally, Smartleaf Asset Management LLC raised its holdings in Invesco S&P 500 Quality ETF by 197.3% during the third quarter. Smartleaf Asset Management LLC now owns 779 shares of the company’s stock valued at $57,000 after buying an additional 517 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA:SPHQ opened at $75.76 on Friday. The stock has a market capitalization of $15.82 billion, a P/E ratio of 25.36 and a beta of 0.92. The business has a 50-day moving average of $77.93 and a two-hundred day moving average of $75.78. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.67 and a fifty-two week high of $81.04.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.