BankPlus Trust Department Takes $998,000 Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

BankPlus Trust Department bought a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,882 shares of the company’s stock, valued at approximately $998,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC increased its position in shares of Invesco S&P 500 Quality ETF by 2.8% in the 4th quarter. Gateway Wealth Partners LLC now owns 5,399 shares of the company’s stock valued at $362,000 after acquiring an additional 149 shares during the period. Brighton Jones LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 4.0% in the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after purchasing an additional 151 shares during the period. Lunt Capital Management Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 1.9% in the fourth quarter. Lunt Capital Management Inc. now owns 9,724 shares of the company’s stock worth $652,000 after purchasing an additional 182 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 1.9% during the fourth quarter. DAVENPORT & Co LLC now owns 9,932 shares of the company’s stock worth $666,000 after purchasing an additional 188 shares during the period. Finally, Alta Wealth Advisors LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 2.0% during the fourth quarter. Alta Wealth Advisors LLC now owns 9,605 shares of the company’s stock worth $644,000 after purchasing an additional 190 shares during the period.

Invesco S&P 500 Quality ETF Trading Down 1.2 %

SPHQ opened at $70.13 on Monday. The firm has a 50 day moving average of $68.82 and a two-hundred day moving average of $67.62. The firm has a market capitalization of $11.87 billion, a PE ratio of 29.27 and a beta of 0.94. Invesco S&P 500 Quality ETF has a 12-month low of $57.17 and a 12-month high of $71.22.

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.