Davidson Capital Management Inc. Increases Stock Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Davidson Capital Management Inc. raised its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 117.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 808,543 shares of the company’s stock after purchasing an additional 436,036 shares during the quarter. Invesco S&P 500 Quality ETF accounts for approximately 15.8% of Davidson Capital Management Inc.’s investment portfolio, making the stock its largest holding. Davidson Capital Management Inc. owned approximately 0.54% of Invesco S&P 500 Quality ETF worth $51,375,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Woodmont Investment Counsel LLC purchased a new position in Invesco S&P 500 Quality ETF during the 1st quarter worth $25,000. SYM FINANCIAL Corp bought a new position in shares of Invesco S&P 500 Quality ETF during the 2nd quarter worth $28,000. ORG Partners LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the second quarter valued at $45,000. Pineridge Advisors LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the first quarter valued at about $47,000. Finally, Wetzel Investment Advisors Inc. raised its holdings in shares of Invesco S&P 500 Quality ETF by 75.0% in the second quarter. Wetzel Investment Advisors Inc. now owns 875 shares of the company’s stock valued at $53,000 after acquiring an additional 375 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $67.31 on Friday. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. The firm’s 50-day moving average is $64.77 and its two-hundred day moving average is $62.34. Invesco S&P 500 Quality ETF has a 1 year low of $47.72 and a 1 year high of $67.54.

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.