Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Stock Holdings Raised by Sterling Group Wealth Management LLC

Sterling Group Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 395,237 shares of the company’s stock after buying an additional 8,767 shares during the quarter. Invesco S&P 500 Quality ETF comprises about 13.7% of Sterling Group Wealth Management LLC’s holdings, making the stock its 2nd largest position. Sterling Group Wealth Management LLC owned 0.26% of Invesco S&P 500 Quality ETF worth $26,493,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Silver Lake Advisory LLC bought a new position in Invesco S&P 500 Quality ETF in the second quarter valued at $35,759,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Invesco S&P 500 Quality ETF by 2.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 12,284 shares of the company’s stock valued at $786,000 after buying an additional 266 shares in the last quarter. Bank of Montreal Can lifted its position in Invesco S&P 500 Quality ETF by 47.5% in the 2nd quarter. Bank of Montreal Can now owns 14,081 shares of the company’s stock worth $900,000 after buying an additional 4,537 shares during the last quarter. MidWestOne Financial Group Inc. purchased a new stake in Invesco S&P 500 Quality ETF in the second quarter worth approximately $321,000. Finally, Chicago Wealth Management Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 3.0% during the second quarter. Chicago Wealth Management Inc. now owns 149,574 shares of the company’s stock worth $9,504,000 after acquiring an additional 4,299 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $69.67 on Friday. Invesco S&P 500 Quality ETF has a 52-week low of $55.67 and a 52-week high of $69.97. The company has a fifty day moving average of $68.12 and a 200-day moving average of $66.63. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98.

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.