Invesco S&P 500 Quality ETF $SPHQ is Sierra Ocean LLC’s 2nd Largest Position

Sierra Ocean LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 7.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 198,331 shares of the company’s stock after buying an additional 14,118 shares during the period. Invesco S&P 500 Quality ETF makes up approximately 12.2% of Sierra Ocean LLC’s holdings, making the stock its 2nd largest position. Sierra Ocean LLC owned approximately 0.10% of Invesco S&P 500 Quality ETF worth $14,536,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Florida Financial Advisors LLC acquired a new stake in Invesco S&P 500 Quality ETF during the 3rd quarter worth approximately $232,000. Capital Investment Counsel LLC acquired a new position in Invesco S&P 500 Quality ETF during the 3rd quarter worth approximately $356,000. Lynx Investment Advisory raised its position in Invesco S&P 500 Quality ETF by 1.9% in the third quarter. Lynx Investment Advisory now owns 122,586 shares of the company’s stock worth $8,984,000 after acquiring an additional 2,236 shares in the last quarter. Wedbush Securities Inc. lifted its stake in shares of Invesco S&P 500 Quality ETF by 1.8% in the third quarter. Wedbush Securities Inc. now owns 17,837 shares of the company’s stock valued at $1,307,000 after purchasing an additional 313 shares during the period. Finally, Beacon Bridge Wealth Partners LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 1.8% during the 3rd quarter. Beacon Bridge Wealth Partners LLC now owns 10,358 shares of the company’s stock valued at $759,000 after acquiring an additional 184 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ opened at $79.39 on Friday. The company has a market cap of $16.22 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a one year low of $57.67 and a one year high of $80.58. The business’s fifty day moving average is $76.94 and its two-hundred day moving average is $74.43.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.