Wells Fargo & Company MN Raises Stock Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Wells Fargo & Company MN increased its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 38.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,147,557 shares of the company’s stock after acquiring an additional 601,790 shares during the period. Wells Fargo & Company MN owned approximately 1.99% of Invesco S&P 500 Quality ETF worth $116,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPHQ. Key Financial Inc grew its position in shares of Invesco S&P 500 Quality ETF by 3.0% during the 4th quarter. Key Financial Inc now owns 7,789 shares of the company’s stock valued at $421,000 after acquiring an additional 230 shares during the period. Riggs Asset Managment Co. Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 0.6% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 38,448 shares of the company’s stock worth $1,924,000 after buying an additional 238 shares during the last quarter. Jackson Wealth Management LLC lifted its stake in Invesco S&P 500 Quality ETF by 0.3% in the 3rd quarter. Jackson Wealth Management LLC now owns 96,885 shares of the company’s stock worth $4,848,000 after purchasing an additional 243 shares in the last quarter. Keybank National Association OH lifted its stake in Invesco S&P 500 Quality ETF by 1.0% in the 3rd quarter. Keybank National Association OH now owns 27,198 shares of the company’s stock worth $1,361,000 after purchasing an additional 260 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its stake in Invesco S&P 500 Quality ETF by 0.7% in the 3rd quarter. Silver Oak Securities Incorporated now owns 39,110 shares of the company’s stock worth $1,957,000 after purchasing an additional 286 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

SPHQ opened at $61.41 on Thursday. The company’s 50 day simple moving average is $59.68 and its two-hundred day simple moving average is $56.51. Invesco S&P 500 Quality ETF has a 1-year low of $47.00 and a 1-year high of $61.57. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98.

Invesco S&P 500 Quality ETF 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.