Park Edge Advisors LLC Makes New Investment in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Park Edge Advisors LLC acquired a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 65,251 shares of the company’s stock, valued at approximately $3,942,000. Invesco S&P 500 Quality ETF makes up 1.1% of Park Edge Advisors LLC’s portfolio, making the stock its 10th largest position.

A number of other hedge funds have also recently made changes to their positions in the business. Spinnaker Investment Group LLC bought a new stake in Invesco S&P 500 Quality ETF in the 1st quarter valued at $206,000. Wealth Management Resources Inc. increased its holdings in shares of Invesco S&P 500 Quality ETF by 15.0% in the first quarter. Wealth Management Resources Inc. now owns 176,510 shares of the company’s stock worth $10,665,000 after purchasing an additional 22,960 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 1.2% in the first quarter. Cornerstone Wealth Management LLC now owns 107,294 shares of the company’s stock worth $6,483,000 after buying an additional 1,315 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 4.4% in the first quarter. Capital Advisors Ltd. LLC now owns 27,262 shares of the company’s stock worth $1,647,000 after buying an additional 1,142 shares in the last quarter. Finally, Woodmont Investment Counsel LLC bought a new position in Invesco S&P 500 Quality ETF during the first quarter valued at approximately $25,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA SPHQ traded up $0.33 during mid-day trading on Thursday, hitting $64.29. 422,319 shares of the company’s stock traded hands, compared to its average volume of 966,440. Invesco S&P 500 Quality ETF has a 1 year low of $47.72 and a 1 year high of $65.57. The company’s 50-day moving average is $61.88 and its two-hundred day moving average is $58.88. The company has a market capitalization of $9.61 billion, a P/E ratio of 22.60 and a beta of 0.98.

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.