Synergy Investment Management LLC Purchases Shares of 94,687 Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Synergy Investment Management LLC acquired a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the fourth quarter, Holdings Channel.com reports. The fund acquired 94,687 shares of the company’s stock, valued at approximately $6,347,000. Invesco S&P 500 Quality ETF makes up approximately 2.7% of Synergy Investment Management LLC’s holdings, making the stock its 10th biggest position.

Other large investors have also recently made changes to their positions in the company. Gateway Wealth Partners LLC grew its holdings in Invesco S&P 500 Quality ETF by 2.8% during the fourth quarter. Gateway Wealth Partners LLC now owns 5,399 shares of the company’s stock worth $362,000 after buying an additional 149 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 4.0% in the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after acquiring an additional 151 shares in the last quarter. Lunt Capital Management Inc. raised its holdings 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 valued at $652,000 after purchasing an additional 182 shares during the last quarter. DAVENPORT & Co LLC lifted its position 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 valued at $666,000 after purchasing an additional 188 shares in the last quarter. Finally, Alta Wealth Advisors LLC boosted its holdings in 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 last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $69.57 on Tuesday. The company has a market capitalization of $11.77 billion, a price-to-earnings ratio of 29.27 and a beta of 0.94. Invesco S&P 500 Quality ETF has a 52-week low of $57.17 and a 52-week high of $71.22. The company has a 50-day simple moving average of $68.98 and a two-hundred day simple moving average of $67.84.

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.