Noble Wealth Management PBC Takes $70,000 Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Noble Wealth Management PBC bought a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,050 shares of the company’s stock, valued at approximately $70,000.

Other large investors also recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC grew its stake in shares of 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 valued at $362,000 after buying an additional 149 shares during the last quarter. Brighton Jones LLC grew its position in Invesco S&P 500 Quality ETF by 4.0% during 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 during the last quarter. Lunt Capital Management Inc. grew its position in Invesco S&P 500 Quality ETF by 1.9% during the 4th quarter. Lunt Capital Management Inc. now owns 9,724 shares of the company’s stock worth $652,000 after acquiring an additional 182 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Invesco S&P 500 Quality ETF by 1.9% in the 4th 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 position in Invesco S&P 500 Quality ETF by 2.0% in the fourth quarter. Alta Wealth Advisors LLC now owns 9,605 shares of the company’s stock valued at $644,000 after purchasing an additional 190 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $70.29 on Friday. Invesco S&P 500 Quality ETF has a 52-week low of $57.17 and a 52-week high of $71.22. The company’s 50 day moving average price is $68.98 and its 200-day moving average price is $67.82. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 29.27 and a beta of 0.94.

Invesco S&P 500 Quality ETF 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.