New York Life Investment Management LLC Has $3.97 Million Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

New York Life Investment Management LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 15.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,227 shares of the company’s stock after acquiring an additional 7,726 shares during the quarter. New York Life Investment Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $3,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SPHQ. Brookstone Capital Management increased its stake in shares of Invesco S&P 500 Quality ETF by 25.4% in the fourth quarter. Brookstone Capital Management now owns 10,602 shares of the company’s stock worth $711,000 after acquiring an additional 2,150 shares during the last quarter. Blue Trust Inc. grew its stake in Invesco S&P 500 Quality ETF by 75.3% in the fourth quarter. Blue Trust Inc. now owns 1,183 shares of the company’s stock valued at $80,000 after purchasing an additional 508 shares in the last quarter. JPMorgan Chase & Co. increased its position in Invesco S&P 500 Quality ETF by 7.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,518 shares of the company’s stock worth $14,767,000 after purchasing an additional 14,481 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth about $1,273,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at about $239,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA SPHQ opened at $70.29 on Friday. The business has a 50 day simple moving average of $68.98 and a 200 day simple moving average of $67.82. Invesco S&P 500 Quality ETF has a 52 week low of $57.17 and a 52 week high of $71.22. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 29.27 and a beta of 0.94.

Invesco S&P 500 Quality ETF 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.