SVB Wealth LLC Acquires Shares of 14,338 Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

SVB Wealth LLC bought a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,338 shares of the company’s stock, valued at approximately $961,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Assetmark Inc. raised its position in shares of Invesco S&P 500 Quality ETF by 43,723.2% in the third quarter. Assetmark Inc. now owns 624,481 shares of the company’s stock worth $42,009,000 after acquiring an additional 623,056 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of Invesco S&P 500 Quality ETF by 5.4% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock valued at $514,378,000 after acquiring an additional 393,229 shares during the period. Wealth Management Resources Inc. increased its stake in shares of Invesco S&P 500 Quality ETF by 132.6% in the 4th quarter. Wealth Management Resources Inc. now owns 502,362 shares of the company’s stock valued at $33,673,000 after purchasing an additional 286,391 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Invesco S&P 500 Quality ETF by 10.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 2,093,687 shares of the company’s stock worth $140,888,000 after purchasing an additional 197,353 shares during the period. Finally, FMR LLC boosted its position in Invesco S&P 500 Quality ETF by 4.5% during the third quarter. FMR LLC now owns 4,263,355 shares of the company’s stock worth $286,796,000 after purchasing an additional 184,895 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 1.0 %

Shares of SPHQ opened at $69.57 on Tuesday. The firm has a market cap of $11.77 billion, a P/E ratio of 29.27 and a beta of 0.94. Invesco S&P 500 Quality ETF has a 12 month low of $57.17 and a 12 month high of $71.22. The stock’s 50 day moving average is $68.98 and its two-hundred day moving average is $67.84.

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.