MOR Wealth Management LLC Has $16.38 Million Stake in Invesco S&P 500 Quality ETF $SPHQ

MOR Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 11.6% in the first quarter, Holdings Channel reports. The institutional investor owned 217,866 shares of the company’s stock after purchasing an additional 22,709 shares during the period. Invesco S&P 500 Quality ETF accounts for approximately 7.5% of MOR Wealth Management LLC’s portfolio, making the stock its 5th biggest position. MOR Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $16,381,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Ausdal Financial Partners Inc. boosted its stake in Invesco S&P 500 Quality ETF by 187.2% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 41,424 shares of the company’s stock worth $3,036,000 after purchasing an additional 27,003 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its stake in Invesco S&P 500 Quality ETF by 235.2% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 10,107 shares of the company’s stock valued at $742,000 after purchasing an additional 7,092 shares in the last quarter. Demars Financial Group LLC raised its holdings in Invesco S&P 500 Quality ETF by 4.6% in the fourth quarter. Demars Financial Group LLC now owns 639,632 shares of the company’s stock worth $48,004,000 after buying an additional 28,275 shares during the last quarter. Alpine Bank Wealth Management raised its holdings in Invesco S&P 500 Quality ETF by 1.3% in the fourth quarter. Alpine Bank Wealth Management now owns 555,050 shares of the company’s stock worth $41,657,000 after buying an additional 7,296 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 44.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 42,599 shares of the company’s stock worth $3,197,000 after buying an additional 13,025 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Down 1.2%

NYSEARCA:SPHQ opened at $87.87 on Friday. The company’s 50 day moving average price is $84.89 and its 200-day moving average price is $80.14. Invesco S&P 500 Quality ETF has a 52 week low of $70.26 and a 52 week high of $90.36. The stock has a market cap of $19.80 billion, a price-to-earnings ratio of 25.36 and a beta of 0.90.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.