Sierra Ocean LLC Has $15.40 Million Stake in Invesco S&P 500 Quality ETF $SPHQ

Sierra Ocean LLC boosted its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 205,138 shares of the company’s stock after buying an additional 6,807 shares during the period. Invesco S&P 500 Quality ETF makes up about 12.7% of Sierra Ocean LLC’s investment portfolio, making the stock its largest holding. Sierra Ocean LLC owned 0.10% of Invesco S&P 500 Quality ETF worth $15,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPHQ. Ausdal Financial Partners Inc. increased its holdings in shares of Invesco S&P 500 Quality ETF by 187.2% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 41,424 shares of the company’s stock worth $3,036,000 after purchasing an additional 27,003 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 235.2% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 10,107 shares of the company’s stock worth $742,000 after purchasing an additional 7,092 shares in the last quarter. Alpine Bank Wealth Management increased its holdings in shares of Invesco S&P 500 Quality ETF by 1.3% in the 4th quarter. Alpine Bank Wealth Management now owns 555,050 shares of the company’s stock worth $41,657,000 after purchasing an additional 7,296 shares in the last quarter. Demars Financial Group LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 4.6% in the 4th quarter. Demars Financial Group LLC now owns 639,632 shares of the company’s stock worth $48,004,000 after purchasing an additional 28,275 shares in the last quarter. Finally, Ballast Inc. increased its holdings in shares of Invesco S&P 500 Quality ETF by 3.8% in the 3rd quarter. Ballast Inc. now owns 362,684 shares of the company’s stock worth $26,581,000 after purchasing an additional 13,260 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Up 0.1%

Invesco S&P 500 Quality ETF stock opened at $82.63 on Tuesday. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The stock has a fifty day simple moving average of $78.64 and a two-hundred day simple moving average of $77.21. Invesco S&P 500 Quality ETF has a 12 month low of $68.68 and a 12 month high of $83.37.

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.