Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Shares Purchased by Ballast Inc.

Ballast Inc. lifted its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.3% during the fourth quarter, HoldingsChannel reports. The firm owned 348,186 shares of the company’s stock after buying an additional 7,853 shares during the quarter. Invesco S&P 500 Quality ETF comprises 6.5% of Ballast Inc.’s portfolio, making the stock its 3rd largest holding. Ballast Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $18,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SPHQ. Cresta Advisors Ltd. lifted its holdings in shares of Invesco S&P 500 Quality ETF by 7.0% during the 4th quarter. Cresta Advisors Ltd. now owns 132,977 shares of the company’s stock valued at $7,191,000 after purchasing an additional 8,743 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 5.4% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,493,947 shares of the company’s stock valued at $188,953,000 after buying an additional 178,554 shares during the period. Cedar Mountain Advisors LLC increased its position in shares of Invesco S&P 500 Quality ETF by 0.4% during the fourth quarter. Cedar Mountain Advisors LLC now owns 168,236 shares of the company’s stock worth $9,098,000 after acquiring an additional 600 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth $735,000. Finally, Alaska Permanent Capital Management bought a new stake in Invesco S&P 500 Quality ETF in the 4th quarter valued at $550,000.

Invesco S&P 500 Quality ETF Price Performance

SPHQ opened at $60.42 on Friday. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 16.07 and a beta of 0.94. The business’s 50-day moving average price is $58.09 and its two-hundred day moving average price is $53.95. Invesco S&P 500 Quality ETF has a 1 year low of $46.23 and a 1 year high of $60.77.

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.