Integrated Wealth Concepts LLC Buys 80,587 Shares of Invesco S&P 500 Quality ETF $SPHQ

Integrated Wealth Concepts LLC increased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 436.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,066 shares of the company’s stock after buying an additional 80,587 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Invesco S&P 500 Quality ETF were worth $8,926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MTM Investment Management LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the first quarter valued at $27,000. Bell Investment Advisors Inc bought a new position in Invesco S&P 500 Quality ETF in the first quarter worth $28,000. IFC & Insurance Marketing Inc. acquired a new stake in Invesco S&P 500 Quality ETF during the fourth quarter worth $29,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Invesco S&P 500 Quality ETF during the first quarter worth $33,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $83.75 on Friday. The firm has a fifty day moving average of $85.88 and a 200-day moving average of $83.12. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 52-week low of $71.57 and a 52-week high of $90.36.

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