Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Shares Purchased by West Michigan Advisors LLC

by · The Cerbat Gem

West Michigan Advisors LLC increased its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 65,445 shares of the company’s stock after acquiring an additional 1,909 shares during the quarter. Invesco S&P 500 Quality ETF makes up about 1.3% of West Michigan Advisors LLC’s portfolio, making the stock its 17th biggest holding. West Michigan Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $4,402,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of SPHQ. Envestnet Asset Management Inc. lifted its position in Invesco S&P 500 Quality ETF by 1,479.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,655,241 shares of the company’s stock worth $804,114,000 after buying an additional 11,854,003 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in Invesco S&P 500 Quality ETF by 89.3% in the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 6,615,038 shares of the company’s stock valued at $399,681,000 after purchasing an additional 3,121,091 shares during the period. LPL Financial LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 12.2% during the second quarter. LPL Financial LLC now owns 7,602,027 shares of the company’s stock worth $483,033,000 after buying an additional 825,232 shares during the period. Vigilare Wealth Management raised its holdings in shares of Invesco S&P 500 Quality ETF by 2,233.5% in the 2nd quarter. Vigilare Wealth Management now owns 606,428 shares of the company’s stock valued at $38,532,000 after purchasing an additional 580,440 shares in the last quarter. Finally, Silver Lake Advisory LLC purchased a new stake in Invesco S&P 500 Quality ETF during the 2nd quarter worth about $35,759,000.

Invesco S&P 500 Quality ETF Stock Down 0.2 %

Shares of SPHQ opened at $66.73 on Friday. The stock has a 50 day moving average price of $66.57 and a 200 day moving average price of $63.66. Invesco S&P 500 Quality ETF has a 52-week low of $47.72 and a 52-week high of $68.38. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98.

About Invesco S&P 500 Quality ETF

(Free Report)

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.

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