Sequoia Financial Advisors LLC Purchases 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, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 561,746 shares of the company’s stock after acquiring an additional 537,812 shares during the quarter. Sequoia Financial Advisors LLC owned approximately 0.28% of Invesco S&P 500 Quality ETF worth $42,159,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter valued at approximately $33,000. Ancora Advisors LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at approximately $35,000. Dunhill Financial LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 10,060.0% during the 3rd quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock valued at $37,000 after acquiring an additional 503 shares during the period. Burkett Financial Services LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at approximately $37,000. Finally, Grey Fox Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at approximately $47,000.

Invesco S&P 500 Quality ETF Trading Up 1.2%

Shares of NYSEARCA:SPHQ opened at $82.67 on Thursday. The stock has a 50 day moving average of $78.24 and a 200 day moving average of $76.74. The company 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 has a 12-month low of $66.68 and a 12-month high of $82.78.

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