Bell Bank Acquires New Shares in Invesco S&P 500 Quality ETF $SPHQ

Bell Bank bought a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,216 shares of the company’s stock, valued at approximately $2,541,000.

A number of other institutional investors have also added to or reduced their stakes in SPHQ. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $649,488,000. Envestnet Asset Management Inc. lifted its stake in Invesco S&P 500 Quality ETF by 236.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock valued at $606,532,000 after purchasing an additional 4,733,411 shares during the last quarter. Independence Asset Advisors LLC bought a new position in Invesco S&P 500 Quality ETF during the first quarter worth about $73,856,000. Sax Wealth Advisors LLC grew its holdings in Invesco S&P 500 Quality ETF by 22.4% during the third quarter. Sax Wealth Advisors LLC now owns 663,646 shares of the company’s stock worth $55,799,000 after purchasing an additional 121,595 shares during the period. Finally, Milestone Investment Advisors LLC grew its holdings in Invesco S&P 500 Quality ETF by 0.4% during the first quarter. Milestone Investment Advisors LLC now owns 528,118 shares of the company’s stock worth $39,709,000 after purchasing an additional 2,201 shares during the period.

Invesco S&P 500 Quality ETF Stock Up 0.1%

NYSEARCA:SPHQ opened at $84.34 on Wednesday. The stock’s 50 day moving average price is $85.13 and its two-hundred day moving average price is $84.55. The firm has a market capitalization of $18.82 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 12-month low of $71.57 and a 12-month 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.