Legacy Wealth Managment LLC ID Boosts Stock Position in Invesco S&P 500 Quality ETF $SPHQ

Legacy Wealth Managment LLC ID lifted its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 8,409.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,360 shares of the company’s stock after buying an additional 13,203 shares during the quarter. Legacy Wealth Managment LLC ID’s holdings in Invesco S&P 500 Quality ETF were worth $1,204,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPHQ. Ameriprise Financial Inc. grew its stake in 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 acquiring an additional 3,741,699 shares during the period. Bank of America Corp DE raised its position 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 during the period. Raymond James Financial Inc. raised its position in Invesco S&P 500 Quality ETF by 15.6% during 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 period. Bank of New York Mellon Corp lifted its holdings in Invesco S&P 500 Quality ETF by 3.0% during the fourth quarter. Bank of New York Mellon Corp now owns 2,801,483 shares of the company’s stock valued at $210,251,000 after purchasing an additional 80,335 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Invesco S&P 500 Quality ETF by 2.7% during the fourth quarter. Royal Bank of Canada now owns 2,617,869 shares of the company’s stock valued at $196,470,000 after purchasing an additional 69,645 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Up 0.4%

Shares of NYSEARCA SPHQ opened at $85.13 on Friday. The company’s 50-day simple moving average is $86.25 and its 200-day simple moving average is $82.95. Invesco S&P 500 Quality ETF has a 52-week low of $71.57 and a 52-week high of $90.36. The firm has a market cap of $19.55 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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