MML Investors Services LLC Acquires 82,987 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

MML Investors Services LLC boosted its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 19.1% in the fourth quarter, Holdings Channel reports. The firm owned 517,598 shares of the company’s stock after purchasing an additional 82,987 shares during the quarter. MML Investors Services LLC’s holdings in Invesco S&P 500 Quality ETF were worth $34,695,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPHQ. Blue Trust Inc. increased its position in shares of 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 acquiring an additional 508 shares during the last quarter. Brookstone Capital Management increased its holdings in Invesco S&P 500 Quality ETF by 25.4% during the fourth quarter. Brookstone Capital Management now owns 10,602 shares of the company’s stock worth $711,000 after buying an additional 2,150 shares during the last quarter. US Bancorp DE raised its position in Invesco S&P 500 Quality ETF by 75.9% during the fourth quarter. US Bancorp DE now owns 11,911 shares of the company’s stock worth $798,000 after acquiring an additional 5,140 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Invesco S&P 500 Quality ETF by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 219,518 shares of the company’s stock valued at $14,767,000 after acquiring an additional 14,481 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $1,273,000.

Invesco S&P 500 Quality ETF Stock Up 0.5 %

SPHQ opened at $63.00 on Monday. Invesco S&P 500 Quality ETF has a 12-month low of $57.17 and a 12-month high of $71.22. The business has a 50 day moving average of $66.64 and a 200-day moving average of $67.59. The stock has a market cap of $11.61 billion, a price-to-earnings ratio of 26.20 and a beta of 0.95.

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.