Denver Wealth Management Inc. Invests $476,000 in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Denver Wealth Management Inc. purchased a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,081 shares of the company’s stock, valued at approximately $476,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPHQ. Woodmont Investment Counsel LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the first quarter valued at approximately $25,000. SYM FINANCIAL Corp purchased a new position in Invesco S&P 500 Quality ETF during the 2nd quarter valued at $28,000. Blue Trust Inc. bought a new position in Invesco S&P 500 Quality ETF in the 3rd quarter worth $43,000. ORG Partners LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the 2nd quarter worth about $45,000. Finally, Pineridge Advisors LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the 1st quarter valued at about $47,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA SPHQ traded down $0.29 during midday trading on Monday, hitting $67.78. 527,562 shares of the company traded hands, compared to its average volume of 964,405. Invesco S&P 500 Quality ETF has a 12-month low of $47.72 and a 12-month high of $68.38. The firm has a market cap of $10.13 billion, a P/E ratio of 22.60 and a beta of 0.98. The stock has a 50-day moving average price of $66.33 and a 200 day moving average price of $63.51.

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.