Silver Lake Advisory LLC Makes New Investment in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Silver Lake Advisory LLC purchased a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 562,772 shares of the company’s stock, valued at approximately $35,759,000. Invesco S&P 500 Quality ETF comprises about 5.1% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 3rd largest position.

Other hedge funds have also added to or reduced their stakes in the company. ERn Financial LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 3.3% during the second quarter. ERn Financial LLC now owns 39,619 shares of the company’s stock valued at $2,517,000 after acquiring an additional 1,265 shares during the last quarter. Wealth Management Resources Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 17.0% during the second quarter. Wealth Management Resources Inc. now owns 206,578 shares of the company’s stock valued at $13,126,000 after acquiring an additional 30,068 shares during the last quarter. High Net Worth Advisory Group LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 5.1% during the second quarter. High Net Worth Advisory Group LLC now owns 50,377 shares of the company’s stock valued at $3,201,000 after acquiring an additional 2,423 shares during the last quarter. SteelPeak Wealth LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 1.2% during the second quarter. SteelPeak Wealth LLC now owns 18,422 shares of the company’s stock valued at $1,171,000 after acquiring an additional 219 shares during the last quarter. Finally, TruWealth Advisors LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 0.6% during the second quarter. TruWealth Advisors LLC now owns 252,223 shares of the company’s stock valued at $16,026,000 after acquiring an additional 1,537 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.3 %

Shares of NYSEARCA:SPHQ opened at $67.15 on Friday. The company has a market cap of $10.04 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. The company has a 50-day moving average price of $65.12 and a 200-day moving average price of $62.73. Invesco S&P 500 Quality ETF has a 12 month low of $47.72 and a 12 month 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.