Financial Management Professionals Inc. Acquires New Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Financial Management Professionals Inc. acquired a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 3rd quarter, HoldingsChannel reports. The firm acquired 39,849 shares of the company’s stock, valued at approximately $2,681,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPHQ. Woodmont Investment Counsel LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the first quarter worth $25,000. SYM FINANCIAL Corp purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 2nd quarter worth about $28,000. Blue Trust Inc. acquired a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at about $43,000. ORG Partners LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 2nd quarter valued at approximately $45,000. Finally, Pineridge Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF in the first quarter worth approximately $47,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ opened at $66.66 on Friday. The firm has a market cap of $9.96 billion, a PE ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a twelve month low of $47.72 and a twelve month high of $68.38. The firm’s 50 day moving average price is $66.60 and its 200 day moving average price is $63.74.

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.