Gateway Wealth Partners LLC Acquires New Shares in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Gateway Wealth Partners LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 4,239 shares of the company’s stock, valued at approximately $269,000.

Several other hedge funds also recently modified their holdings of SPHQ. Woodmont Investment Counsel LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the 1st quarter valued at $25,000. SYM FINANCIAL Corp acquired a new position in Invesco S&P 500 Quality ETF during the 2nd quarter worth about $28,000. ORG Partners LLC acquired a new position in Invesco S&P 500 Quality ETF during the 2nd quarter worth about $45,000. Pineridge Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF during the 1st quarter worth about $47,000. Finally, Wetzel Investment Advisors Inc. lifted its holdings in Invesco S&P 500 Quality ETF by 75.0% during the 2nd quarter. Wetzel Investment Advisors Inc. now owns 875 shares of the company’s stock worth $53,000 after buying an additional 375 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA:SPHQ opened at $67.27 on Tuesday. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. The business’s 50-day moving average is $65.18 and its 200-day moving average is $62.80. 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.