Invesco S&P 500 Quality ETF $SPHQ Shares Acquired by Sierra Ocean LLC

Sierra Ocean LLC boosted its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 7.7% during the third quarter, Holdings Channel.com reports. The fund owned 198,331 shares of the company’s stock after purchasing an additional 14,118 shares during the quarter. Invesco S&P 500 Quality ETF accounts for 12.2% of Sierra Ocean LLC’s holdings, making the stock its 2nd largest holding. Sierra Ocean LLC’s holdings in Invesco S&P 500 Quality ETF were worth $14,536,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter worth about $47,000. Smartleaf Asset Management LLC increased its position in Invesco S&P 500 Quality ETF by 197.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 779 shares of the company’s stock worth $57,000 after purchasing an additional 517 shares in the last quarter. Bogart Wealth LLC increased its position in Invesco S&P 500 Quality ETF by 19.2% during the 2nd quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock worth $69,000 after purchasing an additional 155 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Invesco S&P 500 Quality ETF in the second quarter valued at approximately $72,000. Finally, Capital Investment Advisory Services LLC lifted its position in Invesco S&P 500 Quality ETF by 64.8% during the third quarter. Capital Investment Advisory Services LLC now owns 1,228 shares of the company’s stock valued at $90,000 after buying an additional 483 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Up 0.8%

SPHQ opened at $79.39 on Friday. Invesco S&P 500 Quality ETF has a 52-week low of $57.67 and a 52-week high of $80.58. The company has a 50 day moving average of $76.94 and a two-hundred day moving average of $74.43. The company has a market cap of $16.22 billion, a P/E ratio of 25.36 and a beta of 0.92.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.