MidWestOne Financial Group Inc. Buys New Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

MidWestOne Financial Group Inc. bought a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,045 shares of the company’s stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Woodmont Investment Counsel LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the first quarter worth approximately $25,000. SYM FINANCIAL Corp purchased a new position in shares of Invesco S&P 500 Quality ETF during the second quarter worth approximately $28,000. ORG Partners LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the second quarter worth approximately $45,000. Pineridge Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the first quarter worth approximately $47,000. Finally, Wetzel Investment Advisors Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 75.0% during the second quarter. Wetzel Investment Advisors Inc. now owns 875 shares of the company’s stock worth $53,000 after acquiring an additional 375 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $67.15 on Friday. Invesco S&P 500 Quality ETF has a 52-week low of $47.72 and a 52-week high of $67.54. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. The company’s 50 day moving average price is $65.12 and its 200-day moving average price is $62.73.

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.