BCS Wealth Management Takes $303,000 Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

BCS Wealth Management acquired a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 4,497 shares of the company’s stock, valued at approximately $303,000.

A number of other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in Invesco S&P 500 Quality ETF by 1,479.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,655,241 shares of the company’s stock worth $804,114,000 after acquiring an additional 11,854,003 shares in the last quarter. LPL Financial LLC grew its position in Invesco S&P 500 Quality ETF by 12.2% in the 2nd quarter. LPL Financial LLC now owns 7,602,027 shares of the company’s stock worth $483,033,000 after purchasing an additional 825,232 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 6.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,457,710 shares of the company’s stock worth $473,863,000 after buying an additional 479,490 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in Invesco S&P 500 Quality ETF by 3.7% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,280,618 shares of the company’s stock worth $489,767,000 after acquiring an additional 260,719 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Invesco S&P 500 Quality ETF by 5.6% in the second quarter. Bank of New York Mellon Corp now owns 1,794,452 shares of the company’s stock worth $114,019,000 after purchasing an additional 94,748 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ opened at $67.65 on Friday. The firm has a market cap of $10.11 billion, a P/E ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a fifty-two week low of $47.72 and a fifty-two week high of $68.38. The firm has a 50-day moving average of $66.23 and a 200 day moving average of $63.41.

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.