EverSource Wealth Advisors LLC Increases Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

EverSource Wealth Advisors LLC boosted its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 5,359.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 10,263 shares of the company’s stock after purchasing an additional 10,075 shares during the period. EverSource Wealth Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of SPHQ. Fifth Third Bancorp raised its holdings in Invesco S&P 500 Quality ETF by 18,094.4% during the 1st quarter. Fifth Third Bancorp now owns 4,620,115 shares of the company’s stock valued at $279,147,000 after acquiring an additional 4,594,722 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its holdings in Invesco S&P 500 Quality ETF by 89.3% during the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 6,615,038 shares of the company’s stock valued at $399,681,000 after acquiring an additional 3,121,091 shares during the period. International Assets Investment Management LLC bought a new stake in Invesco S&P 500 Quality ETF during the 4th quarter valued at $143,042,000. Wealth Enhancement Advisory Services LLC raised its holdings in Invesco S&P 500 Quality ETF by 20.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,978,220 shares of the company’s stock valued at $421,624,000 after acquiring an additional 1,183,904 shares during the period. Finally, UBS Group AG raised its holdings in Invesco S&P 500 Quality ETF by 107.3% during the 4th quarter. UBS Group AG now owns 1,274,193 shares of the company’s stock valued at $68,908,000 after acquiring an additional 659,657 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ stock traded down $0.71 during midday trading on Friday, reaching $62.94. 1,689,555 shares of the company’s stock traded hands, compared to its average volume of 964,346. The firm has a market capitalization of $9.41 billion, a PE ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 52 week low of $47.72 and a 52 week high of $65.57. The company has a 50-day moving average price of $63.69 and a two-hundred day moving average price of $60.45.

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.