Invesco S&P 500 Quality ETF $SPHQ Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 236.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 6,731,769 shares of the company’s stock after buying an additional 4,733,411 shares during the period. Envestnet Asset Management Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $606,532,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Silicon Valley Capital Partners boosted its stake in shares of Invesco S&P 500 Quality ETF by 8.5% in the second quarter. Silicon Valley Capital Partners now owns 26,254 shares of the company’s stock worth $2,366,000 after acquiring an additional 2,051 shares during the last quarter. Capital Analysts LLC raised its stake in Invesco S&P 500 Quality ETF by 37.9% in the 2nd quarter. Capital Analysts LLC now owns 25,112 shares of the company’s stock valued at $2,263,000 after purchasing an additional 6,899 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Invesco S&P 500 Quality ETF by 436.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 99,066 shares of the company’s stock valued at $8,926,000 after purchasing an additional 80,587 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Invesco S&P 500 Quality ETF by 10.6% in the 2nd quarter. NewEdge Advisors LLC now owns 162,662 shares of the company’s stock valued at $14,656,000 after purchasing an additional 15,539 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in Invesco S&P 500 Quality ETF by 10.6% in the 2nd quarter. IFP Advisors Inc now owns 54,424 shares of the company’s stock valued at $4,904,000 after purchasing an additional 5,226 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.4%

SPHQ traded down $0.38 on Wednesday, hitting $84.60. 1,521,294 shares of the company’s stock were exchanged, compared to its average volume of 1,655,852. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36. The firm has a 50-day moving average price of $85.33 and a 200-day moving average price of $83.34. The stock has a market cap of $18.77 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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.