MML Investors Services LLC Boosts Stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

MML Investors Services LLC raised its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 40.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 434,611 shares of the company’s stock after acquiring an additional 124,207 shares during the quarter. MML Investors Services LLC’s holdings in Invesco S&P 500 Quality ETF were worth $29,236,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SPHQ. CWM LLC raised its stake in Invesco S&P 500 Quality ETF by 6.8% in the second quarter. CWM LLC now owns 5,132 shares of the company’s stock valued at $326,000 after purchasing an additional 325 shares in the last quarter. EWG Elevate Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF during the 2nd quarter worth $983,000. Wealth Enhancement Advisory Services LLC grew its position in Invesco S&P 500 Quality ETF by 6.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,457,710 shares of the company’s stock worth $473,863,000 after acquiring an additional 479,490 shares in the last quarter. Steele Capital Management Inc. purchased a new position in Invesco S&P 500 Quality ETF in the second quarter worth $1,297,000. Finally, ORG Partners LLC bought a new position in Invesco S&P 500 Quality ETF in the second quarter valued at $45,000.

Invesco S&P 500 Quality ETF Stock Up 0.4 %

Shares of SPHQ stock opened at $69.28 on Monday. The business has a 50-day moving average price of $67.63 and a two-hundred day moving average price of $65.55. Invesco S&P 500 Quality ETF has a 12-month low of $51.75 and a 12-month high of $69.45. The firm has a market cap of $10.35 billion, a P/E ratio of 22.60 and a beta of 0.98.

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.