Sequoia Financial Advisors LLC Acquires 2,852 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Sequoia Financial Advisors LLC grew its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 48.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,725 shares of the company’s stock after purchasing an additional 2,852 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SPHQ. International Assets Investment Management LLC bought a new stake in Invesco S&P 500 Quality ETF during the fourth quarter worth approximately $143,042,000. Bank of New York Mellon Corp acquired a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter worth $72,530,000. First Command Advisory Services Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 7.8% during the 3rd quarter. First Command Advisory Services Inc. now owns 13,822,335 shares of the company’s stock worth $691,620,000 after buying an additional 1,002,069 shares during the period. Corient Private Wealth LLC grew its stake in Invesco S&P 500 Quality ETF by 125.4% in the 3rd quarter. Corient Private Wealth LLC now owns 1,233,177 shares of the company’s stock valued at $61,708,000 after buying an additional 686,116 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Invesco S&P 500 Quality ETF by 58.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,446,073 shares of the company’s stock worth $72,954,000 after acquiring an additional 531,769 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

SPHQ stock opened at $58.19 on Thursday. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 21.97 and a beta of 0.96. The company has a 50-day moving average of $59.05 and a two-hundred day moving average of $54.82. Invesco S&P 500 Quality ETF has a 52-week low of $46.71 and a 52-week high of $60.77.

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.