Total Clarity Wealth Management Inc. Raises Stock Position in Invesco S&P 500 Quality ETF $SPHQ

Total Clarity Wealth Management Inc. increased its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 495.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,280 shares of the company’s stock after acquiring an additional 22,697 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $1,944,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. LPL Financial LLC boosted its stake in Invesco S&P 500 Quality ETF by 15.2% during the 1st quarter. LPL Financial LLC now owns 10,044,254 shares of the company’s stock worth $666,336,000 after purchasing an additional 1,325,931 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its stake in Invesco S&P 500 Quality ETF by 4.1% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,043,049 shares of the company’s stock worth $573,148,000 after purchasing an additional 319,087 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Invesco S&P 500 Quality ETF by 45.7% during the 1st quarter. Ameriprise Financial Inc. now owns 5,505,821 shares of the company’s stock worth $365,193,000 after purchasing an additional 1,727,685 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Invesco S&P 500 Quality ETF by 37.0% during the 1st quarter. Bank of New York Mellon Corp now owns 2,594,265 shares of the company’s stock worth $172,104,000 after purchasing an additional 700,168 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Invesco S&P 500 Quality ETF by 59.8% during the 1st quarter. Raymond James Financial Inc. now owns 2,400,210 shares of the company’s stock worth $159,230,000 after purchasing an additional 897,944 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Down 1.8%

Shares of SPHQ opened at $72.21 on Monday. Invesco S&P 500 Quality ETF has a 52-week low of $57.67 and a 52-week high of $74.45. The firm’s fifty day moving average is $72.61 and its two-hundred day moving average is $69.95. The stock has a market cap of $14.79 billion, a PE ratio of 25.36 and a beta of 0.94.

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.