IFG Advisory LLC Buys 12,735 Shares of Invesco S&P 500 Quality ETF $SPHQ

IFG Advisory LLC lifted its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 94.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,243 shares of the company’s stock after buying an additional 12,735 shares during the quarter. IFG Advisory LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,970,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SPHQ. Ameriprise Financial Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock worth $658,846,000 after buying an additional 3,741,699 shares during the period. Raymond James Financial Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 61.2% in the second quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock worth $275,733,000 after buying an additional 1,469,187 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 56.1% in the third quarter. Envestnet Asset Management Inc. now owns 2,892,833 shares of the company’s stock worth $212,016,000 after buying an additional 1,039,995 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 2,247.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock worth $42,159,000 after buying an additional 537,812 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 5.9% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,910,347 shares of the company’s stock worth $668,722,000 after buying an additional 496,439 shares during the period.

Invesco S&P 500 Quality ETF Stock Down 0.1%

NYSEARCA SPHQ opened at $85.36 on Friday. The stock’s 50-day moving average price is $79.99 and its 200-day moving average price is $77.86. Invesco S&P 500 Quality ETF has a 52 week low of $68.89 and a 52 week high of $85.93. The company has a market capitalization of $18.17 billion, a P/E 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.