Invesco S&P 500 Quality ETF $SPHQ Position Boosted by Sierra Ocean LLC

Sierra Ocean LLC grew its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,270 shares of the company’s stock after purchasing an additional 9,132 shares during the period. Invesco S&P 500 Quality ETF makes up approximately 13.2% of Sierra Ocean LLC’s holdings, making the stock its largest holding. Sierra Ocean LLC owned approximately 0.10% of Invesco S&P 500 Quality ETF worth $16,111,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Ameriprise Financial Inc. raised its holdings in Invesco S&P 500 Quality ETF by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after buying an additional 3,741,699 shares during the period. Cliftonlarsonallen Wealth Advisors LLC lifted its position in Invesco S&P 500 Quality ETF by 5.9% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,910,347 shares of the company’s stock valued at $668,722,000 after buying an additional 496,439 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Invesco S&P 500 Quality ETF by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,915,919 shares of the company’s stock worth $611,604,000 after buying an additional 253,950 shares during the period. Bank of America Corp DE grew its stake in Invesco S&P 500 Quality ETF by 8.0% during the third quarter. Bank of America Corp DE now owns 4,710,108 shares of the company’s stock worth $345,204,000 after buying an additional 349,166 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Invesco S&P 500 Quality ETF by 15.6% in the third quarter. Raymond James Financial Inc. now owns 4,473,245 shares of the company’s stock worth $327,844,000 after acquiring an additional 603,848 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Invesco S&P 500 Quality ETF stock opened at $87.87 on Friday. The firm has a fifty day moving average of $85.05 and a 200-day moving average of $80.19. Invesco S&P 500 Quality ETF has a 52-week low of $70.26 and a 52-week high of $90.36. The firm has a market capitalization of $19.80 billion, a P/E ratio of 25.36 and a beta of 0.90.

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.