Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Stake Raised by Chicago Wealth Management Inc.

Chicago Wealth Management Inc. boosted its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 153,900 shares of the company’s stock after buying an additional 3,152 shares during the quarter. Invesco S&P 500 Quality ETF makes up about 5.4% of Chicago Wealth Management Inc.’s holdings, making the stock its 9th biggest position. Chicago Wealth Management Inc. owned about 0.10% of Invesco S&P 500 Quality ETF worth $10,316,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at approximately $100,697,000. Independent Advisor Alliance purchased a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at approximately $84,264,000. Cliftonlarsonallen Wealth Advisors LLC lifted its stake in shares of 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 valued at $514,378,000 after buying an additional 393,229 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Invesco S&P 500 Quality ETF by 66.5% during the fourth quarter. Jones Financial Companies Lllp now owns 766,218 shares of the company’s stock valued at $51,360,000 after buying an additional 305,990 shares during the period. Finally, Wealth Management Resources Inc. lifted its stake in shares of Invesco S&P 500 Quality ETF by 132.6% during the fourth 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 during the period.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ opened at $66.35 on Wednesday. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 27.16 and a beta of 0.93. Invesco S&P 500 Quality ETF has a 1 year low of $57.17 and a 1 year high of $71.22. The company’s 50 day simple moving average is $69.02 and its 200 day simple moving average is $67.97.

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.