Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN grew its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,167,576 shares of the company’s stock after buying an additional 53,845 shares during the quarter. Wells Fargo & Company MN’s holdings in Invesco S&P 500 Quality ETF were worth $212,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Captrust Financial Advisors grew its holdings in Invesco S&P 500 Quality ETF by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 16,380 shares of the company’s stock worth $1,102,000 after acquiring an additional 442 shares in the last quarter. Stifel Financial Corp increased its holdings in Invesco S&P 500 Quality ETF by 1.1% in the third quarter. Stifel Financial Corp now owns 537,546 shares of the company’s stock valued at $36,161,000 after buying an additional 6,023 shares during the last quarter. Two Sigma Advisers LP raised its stake in Invesco S&P 500 Quality ETF by 47.3% in the third quarter. Two Sigma Advisers LP now owns 195,600 shares of the company’s stock valued at $13,158,000 after buying an additional 62,800 shares in the last quarter. Jane Street Group LLC purchased a new stake in Invesco S&P 500 Quality ETF during the 3rd quarter worth about $1,273,000. Finally, Glen Eagle Advisors LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 5.5% during the 3rd quarter. Glen Eagle Advisors LLC now owns 19,745 shares of the company’s stock worth $1,328,000 after acquiring an additional 1,023 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Down 5.9 %

NYSEARCA:SPHQ opened at $60.26 on Friday. Invesco S&P 500 Quality ETF has a 52-week low of $57.17 and a 52-week high of $71.22. The stock’s 50 day moving average price is $68.45 and its 200 day moving average price is $67.98. The company has a market capitalization of $10.69 billion, a PE ratio of 26.90 and a beta of 0.93.

Invesco S&P 500 Quality ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.2014 dividend. This is a boost from Invesco S&P 500 Quality ETF’s previous dividend of $0.18. The ex-dividend date of this dividend was Monday, March 24th.

About Invesco S&P 500 Quality ETF

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.