Envestnet Asset Management Inc. Buys 107,922 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Envestnet Asset Management Inc. raised its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,252,845 shares of the company’s stock after purchasing an additional 107,922 shares during the quarter. Envestnet Asset Management Inc. owned 8.20% of Invesco S&P 500 Quality ETF worth $821,308,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in Invesco S&P 500 Quality ETF during the 4th quarter valued at $33,000. Briaud Financial Planning Inc purchased a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at about $34,000. Luken Investment Analytics LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at about $40,000. Lee Danner & Bass Inc. purchased a new stake in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth about $40,000. Finally, Howe & Rusling Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth about $40,000.

Invesco S&P 500 Quality ETF Price Performance

SPHQ opened at $60.26 on Friday. Invesco S&P 500 Quality ETF has a one year low of $57.17 and a one year high of $71.22. The business has a 50 day simple moving average of $68.45 and a two-hundred day simple moving average of $67.97. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 26.90 and a beta of 0.93.

Invesco S&P 500 Quality ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were issued a dividend of $0.2014 per share. The ex-dividend date was Monday, March 24th. This is an increase from Invesco S&P 500 Quality ETF’s previous dividend of $0.18.

Invesco S&P 500 Quality ETF Company 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.