Janney Montgomery Scott LLC raised its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 13.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,750 shares of the company’s stock after acquiring an additional 20,511 shares during the period. Janney Montgomery Scott LLC owned 0.08% of Invesco S&P 500 Quality ETF worth $12,839,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. MTM Investment Management LLC acquired a new position in Invesco S&P 500 Quality ETF during the 4th quarter valued at approximately $26,000. Bell Investment Advisors Inc acquired a new stake in Invesco S&P 500 Quality ETF in the first quarter worth $28,000. IFC & Insurance Marketing Inc. bought a new stake in Invesco S&P 500 Quality ETF in the fourth quarter valued at $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Invesco S&P 500 Quality ETF in the fourth quarter valued at $33,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the first quarter valued at $33,000.
Invesco S&P 500 Quality ETF Stock Performance
Invesco S&P 500 Quality ETF stock opened at $88.98 on Thursday. The company has a 50-day simple moving average of $84.73 and a 200-day simple moving average of $80.05. The firm has a market capitalization of $20.05 billion, a P/E ratio of 25.36 and a beta of 0.90. Invesco S&P 500 Quality ETF has a one year low of $70.26 and a one year high of $90.36.
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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