KPP Advisory Services LLC Acquires 48,666 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

KPP Advisory Services LLC raised its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 121.1% in the third quarter, Holdings Channel reports. The firm owned 88,854 shares of the company’s stock after purchasing an additional 48,666 shares during the period. Invesco S&P 500 Quality ETF accounts for 1.4% of KPP Advisory Services LLC’s investment portfolio, making the stock its 16th largest holding. KPP Advisory Services LLC’s holdings in Invesco S&P 500 Quality ETF were worth $5,977,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SPHQ. GPS Wealth Strategies Group LLC raised its position in Invesco S&P 500 Quality ETF by 25.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,016 shares of the company’s stock worth $65,000 after acquiring an additional 208 shares during the period. SteelPeak Wealth LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 1.2% in the 2nd quarter. SteelPeak Wealth LLC now owns 18,422 shares of the company’s stock worth $1,171,000 after purchasing an additional 219 shares during the period. Stratos Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 1.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 16,077 shares of the company’s stock worth $1,082,000 after purchasing an additional 225 shares during the period. Huntington National Bank lifted its stake in Invesco S&P 500 Quality ETF by 11.4% in the third quarter. Huntington National Bank now owns 2,428 shares of the company’s stock valued at $163,000 after purchasing an additional 249 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Invesco S&P 500 Quality ETF by 2.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 12,284 shares of the company’s stock valued at $786,000 after purchasing an additional 266 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ traded down $0.93 during mid-day trading on Friday, hitting $67.04. The stock had a trading volume of 714,397 shares, compared to its average volume of 954,992. Invesco S&P 500 Quality ETF has a 52 week low of $51.35 and a 52 week high of $68.75. The business has a fifty day moving average price of $67.06 and a 200-day moving average price of $64.59. The firm has a market cap of $10.02 billion, a P/E ratio of 22.60 and a beta of 0.98.

Invesco S&P 500 Quality ETF Company Profile

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.