HB Wealth Management LLC Has $1.24 Million Stock Position in Invesco S&P 500 Quality ETF $SPHQ

HB Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 59.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,537 shares of the company’s stock after purchasing an additional 6,149 shares during the period. HB Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in shares of 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 worth $658,846,000 after buying an additional 3,741,699 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its stake in Invesco S&P 500 Quality ETF by 5.9% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,910,347 shares of the company’s stock worth $668,722,000 after acquiring an additional 496,439 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Invesco S&P 500 Quality ETF by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,915,919 shares of the company’s stock worth $611,604,000 after acquiring an additional 253,950 shares in the last quarter. Bank of America Corp DE raised its stake in Invesco S&P 500 Quality ETF by 8.0% during the third quarter. Bank of America Corp DE now owns 4,710,108 shares of the company’s stock worth $345,204,000 after acquiring an additional 349,166 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P 500 Quality ETF by 15.6% in the third quarter. Raymond James Financial Inc. now owns 4,473,245 shares of the company’s stock worth $327,844,000 after acquiring an additional 603,848 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Down 2.1%

SPHQ opened at $86.69 on Wednesday. The company has a market cap of $19.58 billion, a P/E ratio of 25.36 and a beta of 0.90. The company’s 50 day moving average is $85.33 and its 200-day moving average is $80.39. Invesco S&P 500 Quality ETF has a 1-year low of $70.26 and a 1-year high of $90.36.

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.