HighTower Advisors LLC Boosts Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

HighTower Advisors LLC increased its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,926 shares of the company’s stock after purchasing an additional 1,409 shares during the period. HighTower Advisors LLC owned 0.21% of Invesco S&P 500 Quality ETF worth $21,378,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Endowment Wealth Management Inc. lifted its holdings in Invesco S&P 500 Quality ETF by 45.5% in the 4th quarter. Endowment Wealth Management Inc. now owns 31,943 shares of the company’s stock worth $2,141,000 after purchasing an additional 9,983 shares in the last quarter. Briaud Financial Planning Inc bought a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter valued at approximately $34,000. Investors Research Corp increased its position in shares of Invesco S&P 500 Quality ETF by 5.0% during the 4th quarter. Investors Research Corp now owns 14,679 shares of the company’s stock valued at $984,000 after purchasing an additional 700 shares during the last quarter. Tortoise Investment Management LLC grew its position in Invesco S&P 500 Quality ETF by 392.7% in the 4th quarter. Tortoise Investment Management LLC now owns 10,351 shares of the company’s stock valued at $694,000 after acquiring an additional 8,250 shares during the last quarter. Finally, Independent Advisor Alliance bought a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at $84,264,000.

Invesco S&P 500 Quality ETF Stock Up 1.7 %

Shares of Invesco S&P 500 Quality ETF stock opened at $66.39 on Friday. The company has a market capitalization of $11.48 billion, a PE ratio of 27.16 and a beta of 0.93. The stock’s fifty day moving average is $68.96 and its two-hundred day moving average is $67.96. Invesco S&P 500 Quality ETF has a 52 week low of $57.17 and a 52 week high of $71.22.

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.