Wealth Enhancement Advisory Services LLC Increases Stock Holdings in Invesco S&P 500 Quality ETF $SPHQ

Wealth Enhancement Advisory Services LLC increased its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,661,969 shares of the company’s stock after acquiring an additional 200,729 shares during the quarter. Invesco S&P 500 Quality ETF makes up about 0.9% of Wealth Enhancement Advisory Services LLC’s portfolio, making the stock its 18th biggest holding. Wealth Enhancement Advisory Services LLC owned 3.76% of Invesco S&P 500 Quality ETF worth $564,534,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SPHQ. Baird Financial Group Inc. grew its stake in Invesco S&P 500 Quality ETF by 458.9% during the 2nd quarter. Baird Financial Group Inc. now owns 208,184 shares of the company’s stock valued at $14,835,000 after acquiring an additional 170,936 shares in the last quarter. Crestwood Advisors Group LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 3.4% during the 2nd quarter. Crestwood Advisors Group LLC now owns 39,672 shares of the company’s stock worth $2,827,000 after purchasing an additional 1,323 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 9.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,843,952 shares of the company’s stock worth $131,400,000 after purchasing an additional 161,638 shares during the last quarter. CW Advisors LLC grew its position in shares of Invesco S&P 500 Quality ETF by 72.8% in the second quarter. CW Advisors LLC now owns 17,122 shares of the company’s stock valued at $1,220,000 after purchasing an additional 7,216 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its position in shares of Invesco S&P 500 Quality ETF by 14.8% in the third quarter. Redhawk Wealth Advisors Inc. now owns 53,100 shares of the company’s stock valued at $3,892,000 after purchasing an additional 6,850 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $77.49 on Monday. Invesco S&P 500 Quality ETF has a one year low of $57.67 and a one year high of $78.09. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. The business’s 50 day moving average price is $75.16 and its 200 day moving average price is $73.56.

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.