C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the fourth quarter, Holdings Channel.com reports. The fund purchased 109,869 shares of the company’s stock, valued at approximately $7,365,000.

A number of other institutional investors have also added to or reduced their stakes in SPHQ. Truvestments Capital LLC purchased a new position in Invesco S&P 500 Quality ETF in the third quarter worth about $34,000. Abich Financial Wealth Management LLC bought a new stake in Invesco S&P 500 Quality ETF during the 3rd quarter valued at approximately $38,000. Luken Investment Analytics LLC bought a new stake in Invesco S&P 500 Quality ETF during the 4th quarter valued at approximately $40,000. Blue Trust Inc. bought a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $43,000. Finally, DHJJ Financial Advisors Ltd. increased its stake in Invesco S&P 500 Quality ETF by 42.1% in the 4th quarter. DHJJ Financial Advisors Ltd. now owns 1,036 shares of the company’s stock worth $69,000 after acquiring an additional 307 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA SPHQ opened at $70.82 on Tuesday. The business’s 50 day moving average price is $68.67 and its 200-day moving average price is $67.37. Invesco S&P 500 Quality ETF has a fifty-two week low of $56.56 and a fifty-two week high of $71.12. The company has a market cap of $10.58 billion, a P/E ratio of 22.60 and a beta of 0.98.

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.