Lynx Investment Advisory Grows Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Lynx Investment Advisory raised its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 140,655 shares of the company’s stock after acquiring an additional 3,122 shares during the period. Invesco S&P 500 Quality ETF comprises about 6.4% of Lynx Investment Advisory’s investment portfolio, making the stock its largest position. Lynx Investment Advisory’s holdings in Invesco S&P 500 Quality ETF were worth $9,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at about $33,000. Truvestments Capital LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $34,000. Briaud Financial Planning Inc acquired a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at about $34,000. Luken Investment Analytics LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at about $40,000. Finally, Lee Danner & Bass Inc. acquired a new position in Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $40,000.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ stock opened at $66.43 on Monday. The stock’s 50 day simple moving average is $68.92 and its 200 day simple moving average is $68.00. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.17 and a fifty-two week high of $71.22. The company has a market cap of $11.49 billion, a P/E ratio of 27.16 and a beta of 0.93.

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.