Runnymede Capital Advisors Inc. Buys Shares of 5,576 Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Runnymede Capital Advisors Inc. bought a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,576 shares of the company’s stock, valued at approximately $374,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC raised its position in shares of Invesco S&P 500 Quality ETF by 2.8% during the fourth quarter. Gateway Wealth Partners LLC now owns 5,399 shares of the company’s stock worth $362,000 after purchasing an additional 149 shares during the period. Brighton Jones LLC raised its position in shares of Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after purchasing an additional 151 shares during the period. Lunt Capital Management Inc. grew its holdings in shares of Invesco S&P 500 Quality ETF by 1.9% during the fourth quarter. Lunt Capital Management Inc. now owns 9,724 shares of the company’s stock worth $652,000 after buying an additional 182 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 1.9% during the fourth quarter. DAVENPORT & Co LLC now owns 9,932 shares of the company’s stock worth $666,000 after buying an additional 188 shares in the last quarter. Finally, Alta Wealth Advisors LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 2.0% during the fourth quarter. Alta Wealth Advisors LLC now owns 9,605 shares of the company’s stock worth $644,000 after buying an additional 190 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA:SPHQ opened at $66.43 on Friday. The company has a market cap of $11.49 billion, a PE ratio of 27.16 and a beta of 0.93. Invesco S&P 500 Quality ETF has a 52-week low of $57.17 and a 52-week high of $71.22. The stock has a 50-day simple moving average of $68.92 and a 200 day simple moving average of $67.96.

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.