Sierra Ocean LLC Takes Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Sierra Ocean LLC bought a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 160,708 shares of the company’s stock, valued at approximately $10,772,000. Invesco S&P 500 Quality ETF makes up approximately 8.8% of Sierra Ocean LLC’s holdings, making the stock its 2nd biggest holding. Sierra Ocean LLC owned approximately 0.11% of Invesco S&P 500 Quality ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 5.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock valued at $527,025,000 after buying an additional 376,770 shares in the last quarter. LPL Financial LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 1.9% in the third quarter. LPL Financial LLC now owns 7,743,714 shares of the company’s stock valued at $520,920,000 after buying an additional 141,687 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 5.4% in 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 in the last quarter. FMR LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 4.5% in the third quarter. FMR LLC now owns 4,263,355 shares of the company’s stock valued at $286,796,000 after buying an additional 184,895 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 10.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 2,093,687 shares of the company’s stock valued at $140,888,000 after buying an additional 197,353 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA:SPHQ opened at $70.82 on Monday. Invesco S&P 500 Quality ETF has a twelve month low of $56.56 and a twelve month high of $71.12. The firm has a market cap of $10.58 billion, a PE ratio of 22.60 and a beta of 0.98. The business has a fifty day moving average of $68.64 and a 200-day moving average of $67.32.

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.