Invesco S&P 500 Quality ETF $SPHQ Stock Position Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 56.1% during the third quarter, Holdings Channel reports. The institutional investor owned 2,892,833 shares of the company’s stock after acquiring an additional 1,039,995 shares during the period. Envestnet Asset Management Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $212,016,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SPHQ. Money Concepts Capital Corp increased its stake in shares of Invesco S&P 500 Quality ETF by 10.0% during the third quarter. Money Concepts Capital Corp now owns 40,159 shares of the company’s stock valued at $2,943,000 after acquiring an additional 3,639 shares during the period. United Community Bank bought a new position in Invesco S&P 500 Quality ETF during the 3rd quarter valued at $2,583,000. Jones Financial Companies Lllp increased its position in shares of Invesco S&P 500 Quality ETF by 16.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,837,887 shares of the company’s stock valued at $133,670,000 after purchasing an additional 261,985 shares during the period. Mutual Advisors LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 51.9% in the 3rd quarter. Mutual Advisors LLC now owns 5,202 shares of the company’s stock worth $388,000 after buying an additional 1,778 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Invesco S&P 500 Quality ETF by 3.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 10,324 shares of the company’s stock valued at $761,000 after buying an additional 303 shares during the period.

Invesco S&P 500 Quality ETF Stock Down 0.3%

NYSEARCA:SPHQ opened at $77.91 on Friday. The business’s 50-day moving average price is $76.36 and its 200 day moving average price is $74.12. Invesco S&P 500 Quality ETF has a 52-week low of $57.67 and a 52-week high of $79.00. The firm has a market cap of $15.92 billion, a P/E ratio of 25.36 and a beta of 0.92.

Invesco S&P 500 Quality ETF Company Profile

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.