LPL Financial LLC Purchases 974,609 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

LPL Financial LLC raised its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 12.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,718,323 shares of the company’s stock after buying an additional 974,609 shares during the quarter. LPL Financial LLC owned about 0.06% of Invesco S&P 500 Quality ETF worth $584,389,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SPHQ. Millstone Evans Group LLC bought a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $33,000. Truvestments Capital LLC bought a new position in Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $34,000. Briaud Financial Planning Inc bought a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $34,000. Luken Investment Analytics LLC bought a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $40,000. Finally, Lee Danner & Bass Inc. bought a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $40,000.

Invesco S&P 500 Quality ETF Stock Down 0.4 %

SPHQ stock opened at $66.43 on Friday. Invesco S&P 500 Quality ETF has a 12 month low of $57.17 and a 12 month high of $71.22. The firm has a market cap of $11.49 billion, a P/E ratio of 27.16 and a beta of 0.93. The company’s 50-day moving average price is $68.92 and its two-hundred day moving average price is $67.98.

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.