Invesco S&P 500 Quality ETF $SPHQ Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 458.9% in the second quarter, HoldingsChannel reports. The firm owned 208,184 shares of the company’s stock after purchasing an additional 170,936 shares during the period. Baird Financial Group Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $14,835,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SPHQ. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 4.1% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,043,049 shares of the company’s stock worth $573,148,000 after purchasing an additional 319,087 shares during the period. Ameriprise Financial Inc. lifted its position in Invesco S&P 500 Quality ETF by 45.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,505,821 shares of the company’s stock worth $365,193,000 after acquiring an additional 1,727,685 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Invesco S&P 500 Quality ETF by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 2,668,272 shares of the company’s stock worth $190,141,000 after buying an additional 74,007 shares during the last quarter. Raymond James Financial Inc. grew its position in Invesco S&P 500 Quality ETF by 59.8% in the 1st quarter. Raymond James Financial Inc. now owns 2,400,210 shares of the company’s stock worth $159,230,000 after purchasing an additional 897,944 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Invesco S&P 500 Quality ETF by 6.3% during the first quarter. Royal Bank of Canada now owns 2,063,753 shares of the company’s stock valued at $136,910,000 after acquiring an additional 121,534 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $74.93 on Monday. The stock has a market cap of $15.27 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a 52-week low of $57.67 and a 52-week high of $75.30. The firm has a fifty day moving average of $73.77 and a 200-day moving average of $72.35.

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.