True North Advisors LLC Purchases New Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

True North Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,278 shares of the company’s stock, valued at approximately $416,000.

Other hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in Invesco S&P 500 Quality ETF by 15.2% in the 1st quarter. LPL Financial LLC now owns 10,044,254 shares of the company’s stock worth $666,336,000 after acquiring an additional 1,325,931 shares in the last quarter. Alpine Bank Wealth Management bought a new position in Invesco S&P 500 Quality ETF in the 1st quarter worth about $73,239,000. Bank of New York Mellon Corp grew its stake in Invesco S&P 500 Quality ETF by 37.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,594,265 shares of the company’s stock worth $172,104,000 after acquiring an additional 700,168 shares in the last quarter. Assetmark Inc. grew its stake in Invesco S&P 500 Quality ETF by 131.1% in the 1st quarter. Assetmark Inc. now owns 1,230,328 shares of the company’s stock worth $81,620,000 after acquiring an additional 697,964 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Invesco S&P 500 Quality ETF by 4.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,163,750 shares of the company’s stock worth $547,216,000 after acquiring an additional 329,270 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ stock opened at $71.97 on Friday. The company’s 50-day simple moving average is $71.19 and its two-hundred day simple moving average is $68.77. Invesco S&P 500 Quality ETF has a one year low of $57.67 and a one year high of $72.98. The company has a market capitalization of $14.62 billion, a P/E ratio of 25.36 and a beta of 0.94.

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.