Endowment Wealth Management Inc. Raises Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Endowment Wealth Management Inc. raised its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,960 shares of the company’s stock after purchasing an additional 1,809 shares during the quarter. Invesco S&P 500 Quality ETF accounts for approximately 1.0% of Endowment Wealth Management Inc.’s investment portfolio, making the stock its 28th biggest holding. Endowment Wealth Management Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $1,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its position in shares of Invesco S&P 500 Quality ETF by 1,479.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,655,241 shares of the company’s stock valued at $804,114,000 after acquiring an additional 11,854,003 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Invesco S&P 500 Quality ETF by 5.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock valued at $527,025,000 after purchasing an additional 376,770 shares during the period. LPL Financial LLC grew its holdings in Invesco S&P 500 Quality ETF by 12.2% in the second quarter. LPL Financial LLC now owns 7,602,027 shares of the company’s stock valued at $483,033,000 after purchasing an additional 825,232 shares during the period. Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Quality ETF by 3.7% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,280,618 shares of the company’s stock valued at $489,767,000 after buying an additional 260,719 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Invesco S&P 500 Quality ETF by 5.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,794,452 shares of the company’s stock worth $114,019,000 after buying an additional 94,748 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Invesco S&P 500 Quality ETF stock opened at $68.35 on Thursday. The stock has a market capitalization of $10.21 billion, a P/E ratio of 22.60 and a beta of 0.98. The company’s fifty day moving average price is $66.95 and its 200 day moving average price is $64.51. Invesco S&P 500 Quality ETF has a 1 year low of $51.35 and a 1 year high of $68.75.

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.