Tortoise Investment Management LLC Raises Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Tortoise Investment Management LLC grew its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 392.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,351 shares of the company’s stock after acquiring an additional 8,250 shares during the period. Tortoise Investment Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $694,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SPHQ. Janney Montgomery Scott LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 4.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 48,923 shares of the company’s stock valued at $3,291,000 after purchasing an additional 1,895 shares during the period. Leavell Investment Management Inc. increased its holdings in shares of Invesco S&P 500 Quality ETF by 83.4% in the 3rd quarter. Leavell Investment Management Inc. now owns 21,390 shares of the company’s stock worth $1,439,000 after purchasing an additional 9,730 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 6.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 10,215 shares of the company’s stock worth $687,000 after purchasing an additional 658 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Invesco S&P 500 Quality ETF by 43,723.2% in the third quarter. Assetmark Inc. now owns 624,481 shares of the company’s stock worth $42,009,000 after acquiring an additional 623,056 shares during the period. Finally, Atria Investments Inc bought a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter worth $699,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ opened at $68.38 on Monday. The firm has a market capitalization of $11.57 billion, a P/E ratio of 29.27 and a beta of 0.94. The business has a fifty day moving average of $69.04 and a 200 day moving average of $67.96. Invesco S&P 500 Quality ETF has a one year low of $57.17 and a one year high of $71.22.

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.