Alta Wealth Advisors LLC Takes $655,000 Position in Invesco S&P 500 Quality ETF $SPHQ

Alta Wealth Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,932 shares of the company’s stock, valued at approximately $655,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPHQ. Ameriprise Financial Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 68.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after buying an additional 3,741,699 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised 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 worth $616,655,000 after acquiring an additional 370,859 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 worth $564,534,000 after purchasing an additional 200,729 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Invesco S&P 500 Quality ETF by 6.4% during 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 acquiring an additional 264,199 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Invesco S&P 500 Quality ETF by 61.2% in the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock valued at $275,733,000 after purchasing an additional 1,469,187 shares during the period.

Invesco S&P 500 Quality ETF Stock Up 0.6%

SPHQ stock opened at $77.30 on Tuesday. The company has a 50 day moving average of $75.57 and a two-hundred day moving average of $73.78. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $78.09. The company has a market cap of $15.73 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92.

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.