Envestnet Portfolio Solutions Inc. Takes $929,000 Position in Invesco S&P 500 Quality ETF $SPHQ

Envestnet Portfolio Solutions Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,679 shares of the company’s stock, valued at approximately $929,000.

Several other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in shares of 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 acquiring an additional 3,741,699 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its position in Invesco S&P 500 Quality ETF by 4.6% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,413,908 shares of the company’s stock valued at $616,655,000 after purchasing an additional 370,859 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Invesco S&P 500 Quality ETF by 2.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,661,969 shares of the company’s stock valued at $564,534,000 after purchasing an additional 200,729 shares in the last quarter. Bank of America Corp DE boosted its holdings in Invesco S&P 500 Quality ETF by 6.4% in the 2nd quarter. Bank of America Corp DE now owns 4,360,942 shares of the company’s stock valued at $310,761,000 after purchasing an additional 264,199 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in Invesco S&P 500 Quality ETF by 61.2% during the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock worth $275,733,000 after purchasing an additional 1,469,187 shares during the period.

Invesco S&P 500 Quality ETF Trading Down 0.0%

Shares of SPHQ stock opened at $77.78 on Thursday. The stock has a 50 day simple moving average of $75.78 and a 200-day simple moving average of $73.85. The company has a market cap of $15.83 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $78.09.

About Invesco S&P 500 Quality ETF

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.