Sequoia Financial Advisors LLC Has $1.75 Million Stock Holdings in Invesco S&P 500 Quality ETF $SPHQ

Sequoia Financial Advisors LLC grew its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 190.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,934 shares of the company’s stock after buying an additional 15,681 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,754,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Money Management Inc. bought a new stake in Invesco S&P 500 Quality ETF in the second quarter valued at about $28,000. Independence Bank of Kentucky acquired a new position in shares of Invesco S&P 500 Quality ETF during the 2nd quarter worth about $33,000. Bogart Wealth LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 19.2% in the 2nd quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock valued at $69,000 after acquiring an additional 155 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 2nd quarter valued at approximately $72,000. Finally, Private Wealth Asset Management LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 2nd quarter valued at approximately $92,000.

Invesco S&P 500 Quality ETF Trading Up 1.1%

SPHQ stock opened at $77.23 on Thursday. The business’s 50-day moving average price is $75.34 and its two-hundred day moving average price is $73.65. The firm has a market cap of $15.66 billion, a PE ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a 1-year low of $57.67 and a 1-year high of $78.09.

Invesco S&P 500 Quality ETF 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.