Wealth Management Resources Inc. Raises Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Wealth Management Resources Inc. boosted its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 132.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 502,362 shares of the company’s stock after acquiring an additional 286,391 shares during the quarter. Invesco S&P 500 Quality ETF makes up approximately 12.4% of Wealth Management Resources Inc.’s holdings, making the stock its biggest holding. Wealth Management Resources Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $33,673,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPHQ. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco S&P 500 Quality ETF by 5.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock valued at $527,025,000 after acquiring an additional 376,770 shares during the period. LPL Financial LLC increased its holdings in Invesco S&P 500 Quality ETF by 1.9% during the 3rd quarter. LPL Financial LLC now owns 7,743,714 shares of the company’s stock valued at $520,920,000 after purchasing an additional 141,687 shares during the period. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in Invesco S&P 500 Quality ETF by 5.4% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock valued at $514,378,000 after purchasing an additional 393,229 shares during the period. FMR LLC raised its position in Invesco S&P 500 Quality ETF by 4.5% during the 3rd quarter. FMR LLC now owns 4,263,355 shares of the company’s stock valued at $286,796,000 after purchasing an additional 184,895 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in Invesco S&P 500 Quality ETF by 10.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 2,093,687 shares of the company’s stock worth $140,888,000 after buying an additional 197,353 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ opened at $69.41 on Friday. The stock’s 50 day moving average price is $68.17 and its 200-day moving average price is $66.66. Invesco S&P 500 Quality ETF has a 52-week low of $55.67 and a 52-week high of $69.97. The stock has a market capitalization of $10.37 billion, a PE ratio of 22.60 and a beta of 0.98.

Invesco S&P 500 Quality ETF 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.