Sovran Advisors LLC Purchases New Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Sovran Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 13,974 shares of the company’s stock, valued at approximately $930,000.

A number of other hedge funds have also made changes to their positions in SPHQ. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco S&P 500 Quality ETF by 5.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock worth $527,025,000 after purchasing an additional 376,770 shares in the last quarter. LPL Financial LLC boosted its stake in Invesco S&P 500 Quality ETF by 1.9% during the 3rd quarter. LPL Financial LLC now owns 7,743,714 shares of the company’s stock worth $520,920,000 after purchasing an additional 141,687 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in 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 worth $514,378,000 after purchasing an additional 393,229 shares during the last quarter. FMR LLC grew its holdings in shares of 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 buying an additional 184,895 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC raised its position in shares of Invesco S&P 500 Quality ETF by 10.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 2,093,687 shares of the company’s stock valued at $140,888,000 after buying an additional 197,353 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Up 0.3 %

SPHQ opened at $70.56 on Wednesday. Invesco S&P 500 Quality ETF has a twelve month low of $56.56 and a twelve month high of $70.69. The firm has a market capitalization of $10.55 billion, a PE ratio of 22.60 and a beta of 0.98. The firm’s 50-day moving average price is $68.54 and its 200 day moving average price is $67.17.

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.