Invesco S&P 500 Quality ETF $SPHQ Stock: Endowment Wealth Management Inc. Raises Stake

Endowment Wealth Management Inc. lifted its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,890 shares of the company’s stock after acquiring an additional 10,905 shares during the quarter. Invesco S&P 500 Quality ETF makes up approximately 3.4% of Endowment Wealth Management Inc.’s holdings, making the stock its 6th biggest holding. Endowment Wealth Management Inc. owned about 0.05% of Invesco S&P 500 Quality ETF worth $9,912,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at approximately $649,488,000. Envestnet Asset Management Inc. grew its stake in Invesco S&P 500 Quality ETF by 236.9% in the second quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock worth $606,532,000 after purchasing an additional 4,733,411 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in Invesco S&P 500 Quality ETF during the 3rd quarter worth $269,341,000. Commonwealth Equity Services LLC purchased a new position in Invesco S&P 500 Quality ETF during the 3rd quarter worth $92,486,000. Finally, Kestra Advisory Services LLC increased its holdings in Invesco S&P 500 Quality ETF by 116.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 899,891 shares of the company’s stock worth $75,663,000 after purchasing an additional 484,558 shares during the period.

Invesco S&P 500 Quality ETF Stock Up 0.1%

Shares of NYSEARCA SPHQ opened at $81.15 on Friday. The business has a fifty day simple moving average of $84.35 and a two-hundred day simple moving average of $82.82. The firm has a market cap of $18.15 billion, a PE ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a twelve month low of $71.57 and a twelve month high of $90.36.

Invesco S&P 500 Quality ETF 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.