600 Shares in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Acquired by Howe & Rusling Inc.

Howe & Rusling Inc. acquired a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the fourth quarter, HoldingsChannel reports. The firm acquired 600 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPHQ. Blue Trust Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 75.3% during the 4th quarter. Blue Trust Inc. now owns 1,183 shares of the company’s stock worth $80,000 after buying an additional 508 shares in the last quarter. Brookstone Capital Management raised its position in shares of Invesco S&P 500 Quality ETF by 25.4% in the fourth quarter. Brookstone Capital Management now owns 10,602 shares of the company’s stock valued at $711,000 after buying an additional 2,150 shares during the last quarter. US Bancorp DE raised its holdings in Invesco S&P 500 Quality ETF by 75.9% in the 4th quarter. US Bancorp DE now owns 11,911 shares of the company’s stock valued at $798,000 after acquiring an additional 5,140 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Quality ETF by 7.1% during the third quarter. JPMorgan Chase & Co. now owns 219,518 shares of the company’s stock worth $14,767,000 after buying an additional 14,481 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth about $1,273,000.

Invesco S&P 500 Quality ETF Stock Down 1.9 %

Shares of SPHQ opened at $65.72 on Friday. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.17 and a fifty-two week high of $71.22. The firm has a market cap of $11.37 billion, a PE ratio of 27.16 and a beta of 0.93. The company’s fifty day moving average is $68.89 and its two-hundred day moving average is $68.02.

Invesco S&P 500 Quality ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.2014 per share. The ex-dividend date was Monday, March 24th. This is an increase from Invesco S&P 500 Quality ETF’s previous dividend of $0.18.

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.