Sfmg LLC Increases Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Sfmg LLC raised its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,645,373 shares of the company’s stock after buying an additional 6,867 shares during the quarter. Invesco S&P 500 Quality ETF makes up about 8.7% of Sfmg LLC’s investment portfolio, making the stock its 3rd biggest holding. Sfmg LLC’s holdings in Invesco S&P 500 Quality ETF were worth $110,289,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SPHQ. Raymond James Financial Inc. bought a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter worth $100,697,000. Madison Investment Advisors LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter worth $88,622,000. Independent Advisor Alliance bought a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter worth $84,264,000. Corient Private Wealth LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 477.0% in the 4th quarter. Corient Private Wealth LLC now owns 498,472 shares of the company’s stock worth $33,413,000 after purchasing an additional 412,080 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 5.4% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock worth $514,378,000 after purchasing an additional 393,229 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Down 0.4 %

NYSEARCA:SPHQ opened at $66.43 on Friday. Invesco S&P 500 Quality ETF has a 12-month low of $57.17 and a 12-month high of $71.22. The firm has a market capitalization of $11.49 billion, a P/E ratio of 27.16 and a beta of 0.93. The stock’s fifty day simple moving average is $68.92 and its 200-day simple moving average is $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.