Ridgeline Wealth Planning LLC Buys New Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Ridgeline Wealth Planning LLC purchased a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,053 shares of the company’s stock, valued at approximately $808,000. Invesco S&P 500 Quality ETF makes up approximately 0.8% of Ridgeline Wealth Planning LLC’s holdings, making the stock its 15th largest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at about $34,000. Abich Financial Wealth Management LLC bought a new position in Invesco S&P 500 Quality ETF during the third quarter worth about $38,000. Luken Investment Analytics LLC acquired a new stake in Invesco S&P 500 Quality ETF during the fourth quarter valued at approximately $40,000. Blue Trust Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at approximately $43,000. Finally, VitalStone Financial LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 178.8% in the 3rd quarter. VitalStone Financial LLC now owns 814 shares of the company’s stock worth $55,000 after buying an additional 522 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Invesco S&P 500 Quality ETF stock opened at $70.56 on Wednesday. The business has a 50 day simple moving average of $68.54 and a 200 day simple moving average of $67.17. Invesco S&P 500 Quality ETF has a one year low of $56.56 and a one year high of $70.69. The company has a market capitalization of $10.55 billion, a PE ratio of 22.60 and a beta of 0.98.

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.