Avantax Advisory Services Inc. Purchases 152,016 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Avantax Advisory Services Inc. grew its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 47.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 470,518 shares of the company’s stock after buying an additional 152,016 shares during the quarter. Avantax Advisory Services Inc. owned approximately 0.31% of Invesco S&P 500 Quality ETF worth $31,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPHQ. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth $100,697,000. Independent Advisor Alliance bought a new stake in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth $84,264,000. Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 5.4% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock worth $514,378,000 after buying an additional 393,229 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Invesco S&P 500 Quality ETF by 66.5% during the fourth quarter. Jones Financial Companies Lllp now owns 766,218 shares of the company’s stock worth $51,360,000 after buying an additional 305,990 shares during the last quarter. Finally, Wealth Management Resources Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 132.6% during the fourth quarter. Wealth Management Resources Inc. now owns 502,362 shares of the company’s stock worth $33,673,000 after buying an additional 286,391 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA SPHQ opened at $66.35 on Wednesday. The firm’s fifty day moving average price is $69.02 and its two-hundred day moving average price is $67.97. The stock has a market cap of $11.48 billion, a PE ratio of 27.16 and a beta of 0.93. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.17 and a fifty-two week high of $71.22.

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.