Avantax Advisory Services Inc. Has $31.54 Million Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Avantax Advisory Services Inc. lifted its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 47.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 470,518 shares of the company’s stock after acquiring an additional 152,016 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $31,539,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Brookstone Capital Management lifted its holdings in Invesco S&P 500 Quality ETF by 25.4% in the fourth quarter. Brookstone Capital Management now owns 10,602 shares of the company’s stock valued at $711,000 after buying an additional 2,150 shares during the period. Blue Trust Inc. lifted its holdings in Invesco S&P 500 Quality ETF by 75.3% in the fourth quarter. Blue Trust Inc. now owns 1,183 shares of the company’s stock valued at $80,000 after buying an additional 508 shares during the period. JPMorgan Chase & Co. lifted its holdings in Invesco S&P 500 Quality ETF by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 219,518 shares of the company’s stock valued at $14,767,000 after buying an additional 14,481 shares during the period. Jane Street Group LLC acquired a new position in Invesco S&P 500 Quality ETF in the third quarter valued at $1,273,000. Finally, Proficio Capital Partners LLC acquired a new position in Invesco S&P 500 Quality ETF in the fourth quarter valued at $809,000.

Invesco S&P 500 Quality ETF Trading Down 1.1 %

Shares of NYSEARCA SPHQ opened at $66.35 on Wednesday. The firm’s 50-day moving average price is $69.02 and its 200-day moving average price is $67.97. Invesco S&P 500 Quality ETF has a 1-year low of $57.17 and a 1-year high of $71.22. The firm has a market capitalization of $11.48 billion, a P/E ratio of 27.16 and a beta of 0.93.

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.