Kovack Advisors Inc. Boosts Stock Holdings in Invesco S&P 500 Quality ETF $SPHQ

Kovack Advisors Inc. lifted its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,060 shares of the company’s stock after acquiring an additional 306 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of SPHQ. IFG Advisory LLC increased its holdings in Invesco S&P 500 Quality ETF by 272.8% in the second quarter. IFG Advisory LLC now owns 13,066 shares of the company’s stock valued at $931,000 after buying an additional 9,561 shares during the last quarter. Atria Investments Inc increased its holdings in Invesco S&P 500 Quality ETF by 1,218.0% in the second quarter. Atria Investments Inc now owns 73,637 shares of the company’s stock valued at $5,247,000 after buying an additional 68,050 shares during the last quarter. Savvy Advisors Inc. increased its holdings in Invesco S&P 500 Quality ETF by 22.8% in the second quarter. Savvy Advisors Inc. now owns 5,799 shares of the company’s stock valued at $413,000 after buying an additional 1,076 shares during the last quarter. World Investment Advisors increased its holdings in Invesco S&P 500 Quality ETF by 15.1% in the second quarter. World Investment Advisors now owns 11,900 shares of the company’s stock valued at $848,000 after buying an additional 1,561 shares during the last quarter. Finally, Providence First Trust Co increased its holdings in Invesco S&P 500 Quality ETF by 0.9% in the second quarter. Providence First Trust Co now owns 87,540 shares of the company’s stock valued at $6,238,000 after buying an additional 758 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA:SPHQ opened at $74.06 on Friday. The firm has a market capitalization of $15.10 billion, a PE ratio of 25.36 and a beta of 0.92. The business’s fifty day moving average price is $73.19 and its 200 day moving average price is $71.02. Invesco S&P 500 Quality ETF has a 12 month low of $57.67 and a 12 month high of $75.03.

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.