Sovran Advisors LLC Buys Shares of 13,974 Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Sovran Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 13,974 shares of the company’s stock, valued at approximately $930,000.

Other large investors have also recently added to or reduced their stakes in the company. Essex Financial Services Inc. raised its position in Invesco S&P 500 Quality ETF by 2.8% in the fourth quarter. Essex Financial Services Inc. now owns 101,253 shares of the company’s stock valued at $6,787,000 after purchasing an additional 2,744 shares during the period. Summit Trail Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF during the 4th quarter worth about $201,000. Focus Financial Network Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 0.5% during the 4th quarter. Focus Financial Network Inc. now owns 212,946 shares of the company’s stock valued at $14,274,000 after acquiring an additional 1,079 shares during the period. Wingate Wealth Advisors Inc. purchased a new position in Invesco S&P 500 Quality ETF during the 4th quarter valued at about $807,000. Finally, Burns Matteson Capital Management LLC grew its position in Invesco S&P 500 Quality ETF by 6.7% in the 4th quarter. Burns Matteson Capital Management LLC now owns 198,520 shares of the company’s stock valued at $13,307,000 after acquiring an additional 12,529 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ opened at $70.56 on Wednesday. The company’s 50-day simple moving average is $68.54 and its 200-day simple moving average is $67.17. Invesco S&P 500 Quality ETF has a 1 year low of $56.56 and a 1 year high of $70.69. The stock has a market capitalization of $10.55 billion, a PE ratio of 22.60 and a beta of 0.98.

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.