Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 1.7% during the 4th quarter, HoldingsChannel reports. The fund owned 2,308,323 shares of the company’s stock after purchasing an additional 38,453 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Quality ETF were worth $173,240,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of SPHQ. Ameriprise Financial Inc. grew its stake in Invesco S&P 500 Quality ETF by 68.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after acquiring an additional 3,741,699 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Invesco S&P 500 Quality ETF by 61.2% during the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock valued at $275,733,000 after acquiring an additional 1,469,187 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Invesco S&P 500 Quality ETF by 56.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,892,833 shares of the company’s stock valued at $212,016,000 after acquiring an additional 1,039,995 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 2,247.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock valued at $42,159,000 after acquiring an additional 537,812 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 5.9% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,910,347 shares of the company’s stock valued at $668,722,000 after acquiring an additional 496,439 shares in the last quarter.
Invesco S&P 500 Quality ETF Stock Down 0.1%
Invesco S&P 500 Quality ETF stock opened at $85.44 on Friday. The company’s fifty day simple moving average is $79.80 and its 200-day simple moving average is $77.81. Invesco S&P 500 Quality ETF has a 12 month low of $68.89 and a 12 month high of $85.93. The stock has a market cap of $18.19 billion, a P/E ratio of 25.36 and a beta of 0.91.
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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.
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