Independent Advisor Alliance Purchases New Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Independent Advisor Alliance acquired a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,257,112 shares of the company’s stock, valued at approximately $84,264,000. Invesco S&P 500 Quality ETF accounts for approximately 1.1% of Independent Advisor Alliance’s investment portfolio, making the stock its 12th largest holding. Independent Advisor Alliance owned approximately 0.84% of Invesco S&P 500 Quality ETF as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Gateway Wealth Partners LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 2.8% in the 4th quarter. Gateway Wealth Partners LLC now owns 5,399 shares of the company’s stock valued at $362,000 after purchasing an additional 149 shares during the period. Brighton Jones LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 4.0% in the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after acquiring an additional 151 shares in the last quarter. Lunt Capital Management Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 1.9% in the 4th quarter. Lunt Capital Management Inc. now owns 9,724 shares of the company’s stock worth $652,000 after acquiring an additional 182 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 1.9% in the 4th quarter. DAVENPORT & Co LLC now owns 9,932 shares of the company’s stock worth $666,000 after acquiring an additional 188 shares in the last quarter. Finally, Alta Wealth Advisors LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 2.0% in the 4th quarter. Alta Wealth Advisors LLC now owns 9,605 shares of the company’s stock worth $644,000 after acquiring an additional 190 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ opened at $68.38 on Monday. The business’s 50 day simple moving average is $69.04 and its 200-day simple moving average is $67.96. Invesco S&P 500 Quality ETF has a one year low of $57.17 and a one year high of $71.22. The company has a market capitalization of $11.57 billion, a P/E ratio of 29.27 and a beta of 0.94.

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.