Argus Investors Counsel Inc. Takes Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Argus Investors Counsel Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,467 shares of the company’s stock, valued at approximately $433,000.

A number of other institutional investors also recently bought and sold shares of SPHQ. Assetmark Inc. lifted its stake in Invesco S&P 500 Quality ETF by 43,723.2% during the third quarter. Assetmark Inc. now owns 624,481 shares of the company’s stock worth $42,009,000 after purchasing an additional 623,056 shares during the last quarter. Mainstay Capital Management LLC ADV raised its holdings in Invesco S&P 500 Quality ETF by 51.2% during the third quarter. Mainstay Capital Management LLC ADV now owns 1,453,755 shares of the company’s stock worth $97,794,000 after purchasing an additional 492,561 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its holdings in Invesco S&P 500 Quality ETF by 5.4% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock worth $514,378,000 after purchasing an additional 393,229 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 5.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock worth $527,025,000 after buying an additional 376,770 shares during the last quarter. Finally, Wealth Management Resources Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 132.6% in the 4th quarter. Wealth Management Resources Inc. now owns 502,362 shares of the company’s stock valued at $33,673,000 after buying an additional 286,391 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA SPHQ opened at $70.28 on Thursday. Invesco S&P 500 Quality ETF has a 12 month low of $56.53 and a 12 month high of $70.69. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. The firm’s fifty day moving average price is $68.44 and its 200 day moving average price is $66.96.

Invesco S&P 500 Quality ETF Company 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.