Generation Capital Management LLC Makes New $2.08 Million Investment in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Generation Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 31,022 shares of the company’s stock, valued at approximately $2,079,000. Invesco S&P 500 Quality ETF comprises about 1.8% of Generation Capital Management LLC’s portfolio, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Command Advisory Services Inc. increased its holdings in shares of Invesco S&P 500 Quality ETF by 0.9% during the 4th quarter. First Command Advisory Services Inc. now owns 12,434,226 shares of the company’s stock worth $833,466,000 after buying an additional 116,159 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Invesco S&P 500 Quality ETF by 0.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 12,252,845 shares of the company’s stock valued at $821,308,000 after purchasing an additional 107,922 shares during the period. LPL Financial LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 12.6% in the 4th quarter. LPL Financial LLC now owns 8,718,323 shares of the company’s stock valued at $584,389,000 after purchasing an additional 974,609 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Quality ETF by 5.4% during the 4th 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 during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Invesco S&P 500 Quality ETF by 1.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,167,576 shares of the company’s stock valued at $212,323,000 after buying an additional 53,845 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ stock opened at $63.00 on Friday. The company has a 50-day moving average of $66.79 and a two-hundred day moving average of $67.60. The firm has a market cap of $11.61 billion, a PE ratio of 26.20 and a beta of 0.95. Invesco S&P 500 Quality ETF has a 1-year low of $57.17 and a 1-year high of $71.22.

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.