Cerro Pacific Wealth Advisors LLC Raises Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Cerro Pacific Wealth Advisors LLC grew its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 39.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,603 shares of the company’s stock after purchasing an additional 12,379 shares during the period. Cerro Pacific Wealth Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $2,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Silver Lake Advisory LLC acquired a new position in Invesco S&P 500 Quality ETF in the second quarter valued at about $35,759,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Invesco S&P 500 Quality ETF by 2.2% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 12,284 shares of the company’s stock worth $786,000 after acquiring an additional 266 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Invesco S&P 500 Quality ETF by 47.5% during the 2nd quarter. Bank of Montreal Can now owns 14,081 shares of the company’s stock worth $900,000 after purchasing an additional 4,537 shares during the period. MidWestOne Financial Group Inc. acquired a new stake in Invesco S&P 500 Quality ETF in the 2nd quarter valued at approximately $321,000. Finally, Chicago Wealth Management Inc. raised its position in Invesco S&P 500 Quality ETF by 3.0% in the second quarter. Chicago Wealth Management Inc. now owns 149,574 shares of the company’s stock valued at $9,504,000 after purchasing an additional 4,299 shares during the period.

Invesco S&P 500 Quality ETF Stock Up 0.7 %

SPHQ opened at $69.67 on Friday. The firm has a market cap of $10.41 billion, a P/E ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 52 week low of $55.67 and a 52 week high of $69.97. The business has a fifty day simple moving average of $68.12 and a 200-day simple moving average of $66.63.

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.