LPL Financial LLC Buys 974,609 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

LPL Financial LLC grew its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,718,323 shares of the company’s stock after purchasing an additional 974,609 shares during the quarter. LPL Financial LLC owned approximately 5.83% of Invesco S&P 500 Quality ETF worth $584,389,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Gateway Wealth Partners LLC raised its position in shares of Invesco S&P 500 Quality ETF by 2.8% in the fourth quarter. Gateway Wealth Partners LLC now owns 5,399 shares of the company’s stock valued at $362,000 after purchasing an additional 149 shares during the period. Brighton Jones LLC increased its position in Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after acquiring an additional 151 shares during the period. Lunt Capital Management Inc. increased its position in Invesco S&P 500 Quality ETF by 1.9% during the fourth quarter. Lunt Capital Management Inc. now owns 9,724 shares of the company’s stock worth $652,000 after acquiring an additional 182 shares during the period. DAVENPORT & Co LLC increased its position in Invesco S&P 500 Quality ETF by 1.9% during the fourth quarter. DAVENPORT & Co LLC now owns 9,932 shares of the company’s stock worth $666,000 after acquiring an additional 188 shares during the period. Finally, Alta Wealth Advisors LLC increased its position in Invesco S&P 500 Quality ETF by 2.0% during the fourth quarter. Alta Wealth Advisors LLC now owns 9,605 shares of the company’s stock worth $644,000 after acquiring an additional 190 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA:SPHQ opened at $66.43 on Friday. Invesco S&P 500 Quality ETF has a 52 week low of $57.17 and a 52 week high of $71.22. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of 27.16 and a beta of 0.93. The firm’s 50-day simple moving average is $68.92 and its 200 day simple moving average is $67.98.

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.