BNB Wealth Management LLC Buys New Position in Invesco S&P 500 Quality ETF $SPHQ

BNB Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,666 shares of the company’s stock, valued at approximately $1,476,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPHQ. Ameriprise Financial Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 68.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after acquiring an additional 3,741,699 shares during the period. Raymond James Financial Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 61.2% during the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock valued at $275,733,000 after acquiring an additional 1,469,187 shares during the period. Alvarez & Marsal Private Wealth Partners LLC purchased a new position in Invesco S&P 500 Quality ETF during the 4th quarter valued at about $58,114,000. Sequoia Financial Advisors LLC boosted its holdings in Invesco S&P 500 Quality ETF by 2,247.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock valued at $42,159,000 after acquiring an additional 537,812 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in Invesco S&P 500 Quality ETF by 5.9% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,910,347 shares of the company’s stock valued at $668,722,000 after acquiring an additional 496,439 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $88.27 on Thursday. The business has a 50-day moving average of $82.84 and a 200 day moving average of $79.09. Invesco S&P 500 Quality ETF has a 12 month low of $68.89 and a 12 month high of $89.93. The stock has a market capitalization of $18.79 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.