Sage Investment Counsel LLC Takes $291,000 Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Sage Investment Counsel LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,344 shares of the company’s stock, valued at approximately $291,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. SVB Wealth LLC purchased a new position in Invesco S&P 500 Quality ETF in the 4th quarter worth $961,000. TD Capital Management LLC raised its position in Invesco S&P 500 Quality ETF by 3.0% in the 4th quarter. TD Capital Management LLC now owns 140,966 shares of the company’s stock worth $9,449,000 after purchasing an additional 4,148 shares during the period. First Command Advisory Services Inc. raised its position in Invesco S&P 500 Quality ETF by 0.9% in the 4th quarter. First Command Advisory Services Inc. now owns 12,434,226 shares of the company’s stock worth $833,466,000 after purchasing an additional 116,159 shares during the period. Proficio Capital Partners LLC purchased a new position in Invesco S&P 500 Quality ETF in the 4th quarter worth $809,000. Finally, Oppenheimer & Co. Inc. raised its position in Invesco S&P 500 Quality ETF by 68.2% in the 4th quarter. Oppenheimer & Co. Inc. now owns 15,316 shares of the company’s stock worth $1,027,000 after purchasing an additional 6,211 shares during the period.

Invesco S&P 500 Quality ETF Stock Up 1.5 %

Shares of NYSEARCA:SPHQ opened at $70.29 on Friday. The stock has a market cap of $11.90 billion, a PE ratio of 29.27 and a beta of 0.94. The company’s fifty day moving average is $68.93 and its 200 day moving average is $67.74. Invesco S&P 500 Quality ETF has a 52 week low of $57.17 and a 52 week high of $71.22.

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.