Demars Financial Group LLC Takes $40.77 Million Position in Invesco S&P 500 Quality ETF $SPHQ

Demars Financial Group LLC purchased a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 2nd quarter, HoldingsChannel reports. The firm purchased 572,147 shares of the company’s stock, valued at approximately $40,771,000. Invesco S&P 500 Quality ETF accounts for about 15.7% of Demars Financial Group LLC’s portfolio, making the stock its largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after buying an additional 151 shares during the last quarter. Tandem Capital Management Corp ADV lifted its stake in Invesco S&P 500 Quality ETF by 4.3% in the first quarter. Tandem Capital Management Corp ADV now owns 14,975 shares of the company’s stock valued at $993,000 after buying an additional 615 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 4.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 376,878 shares of the company’s stock valued at $25,002,000 after acquiring an additional 17,732 shares during the period. Pennsylvania Capital Management Inc. ADV grew its position in shares of Invesco S&P 500 Quality ETF by 35.8% during the first quarter. Pennsylvania Capital Management Inc. ADV now owns 4,173 shares of the company’s stock worth $277,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 0.4% in the 1st quarter. Flagship Harbor Advisors LLC now owns 67,917 shares of the company’s stock worth $4,506,000 after acquiring an additional 278 shares during the period.

Invesco S&P 500 Quality ETF Stock Up 0.6%

Shares of NYSEARCA:SPHQ opened at $73.50 on Monday. The company’s 50-day moving average price is $72.79 and its 200 day moving average price is $70.21. The company has a market cap of $15.04 billion, a PE ratio of 25.36 and a beta of 0.94. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.67 and a fifty-two week high of $74.45.

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.