Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Stake Boosted by Sterling Group Wealth Management LLC

Sterling Group Wealth Management LLC raised its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 395,237 shares of the company’s stock after acquiring an additional 8,767 shares during the period. Invesco S&P 500 Quality ETF makes up approximately 13.7% of Sterling Group Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Sterling Group Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $26,493,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Silver Lake Advisory LLC purchased a new stake in Invesco S&P 500 Quality ETF in the second quarter worth $35,759,000. Mercer Global Advisors Inc. ADV boosted its stake in Invesco S&P 500 Quality ETF by 2.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 12,284 shares of the company’s stock worth $786,000 after acquiring an additional 266 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Invesco S&P 500 Quality ETF by 47.5% during the second quarter. Bank of Montreal Can now owns 14,081 shares of the company’s stock valued at $900,000 after purchasing an additional 4,537 shares during the last quarter. MidWestOne Financial Group Inc. bought a new stake in Invesco S&P 500 Quality ETF in the second quarter worth $321,000. Finally, Chicago Wealth Management Inc. lifted its stake in shares of Invesco S&P 500 Quality ETF by 3.0% in the second quarter. Chicago Wealth Management Inc. now owns 149,574 shares of the company’s stock worth $9,504,000 after buying an additional 4,299 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA:SPHQ opened at $69.67 on Friday. Invesco S&P 500 Quality ETF has a 1 year low of $55.67 and a 1 year high of $69.97. The stock’s fifty day moving average price is $68.12 and its 200-day moving average price is $66.63. The company has a market cap of $10.41 billion, a P/E ratio of 22.60 and a beta of 0.98.

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.