Greenwood Gearhart Inc. Invests $2.85 Million in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Greenwood Gearhart Inc. acquired a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the fourth quarter, Holdings Channel.com reports. The fund acquired 42,526 shares of the company’s stock, valued at approximately $2,851,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. First Command Advisory Services Inc. raised its stake in Invesco S&P 500 Quality ETF by 0.9% in the fourth quarter. First Command Advisory Services Inc. now owns 12,434,226 shares of the company’s stock valued at $833,466,000 after buying an additional 116,159 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P 500 Quality ETF by 0.9% in the 4th 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 last quarter. LPL Financial LLC boosted its stake in 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 worth $584,389,000 after purchasing an additional 974,609 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its position in 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 increased its stake in Invesco S&P 500 Quality ETF by 1.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,167,576 shares of the company’s stock valued at $212,323,000 after purchasing an additional 53,845 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.1 %

NYSEARCA:SPHQ opened at $63.80 on Wednesday. The firm has a fifty day simple moving average of $67.08 and a 200-day simple moving average of $67.67. Invesco S&P 500 Quality ETF has a 12 month low of $57.17 and a 12 month high of $71.22. The company has a market capitalization of $11.32 billion, a P/E ratio of 26.90 and a beta of 0.93.

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.