Sequoia Financial Advisors LLC Buys 537,812 Shares of Invesco S&P 500 Quality ETF $SPHQ

Sequoia Financial Advisors LLC lifted its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2,247.1% in the fourth quarter, HoldingsChannel reports. The fund owned 561,746 shares of the company’s stock after acquiring an additional 537,812 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $42,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $33,000. Ancora Advisors LLC purchased a new position in Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $35,000. Dunhill Financial LLC lifted its holdings in Invesco S&P 500 Quality ETF by 10,060.0% in the 3rd quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock worth $37,000 after purchasing an additional 503 shares in the last quarter. Burkett Financial Services LLC purchased a new position in Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $37,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $47,000.

Invesco S&P 500 Quality ETF Trading Up 1.2%

NYSEARCA SPHQ opened at $82.67 on Thursday. The stock’s 50 day moving average is $78.24 and its 200 day moving average is $76.74. Invesco S&P 500 Quality ETF has a 12 month low of $66.68 and a 12 month high of $82.78. The stock has a market cap of $17.60 billion, a PE ratio of 25.36 and a beta of 0.91.

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