JNBA Financial Advisors Boosts Stake in Invesco S&P 500 Quality ETF $SPHQ

JNBA Financial Advisors increased its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 217,943 shares of the company’s stock after purchasing an additional 27,842 shares during the quarter. Invesco S&P 500 Quality ETF accounts for 1.5% of JNBA Financial Advisors’ portfolio, making the stock its 17th biggest holding. JNBA Financial Advisors owned about 0.11% of Invesco S&P 500 Quality ETF worth $15,973,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its stake in Invesco S&P 500 Quality ETF by 68.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after acquiring an additional 3,741,699 shares during the period. Raymond James Financial Inc. lifted its position in Invesco S&P 500 Quality ETF by 61.2% during the second quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock valued at $275,733,000 after purchasing an additional 1,469,187 shares during the period. Mainstay Capital Management LLC ADV raised its stake in Invesco S&P 500 Quality ETF by 100.8% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 1,345,602 shares of the company’s stock valued at $95,888,000 after buying an additional 675,521 shares during the last quarter. Demars Financial Group LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the 2nd quarter valued at $40,771,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Invesco S&P 500 Quality ETF by 41.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,852,838 shares of the company’s stock worth $132,028,000 after buying an additional 546,588 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ opened at $77.57 on Friday. The firm has a market capitalization of $15.51 billion, a P/E ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a one year low of $57.67 and a one year high of $78.09. The business has a fifty day moving average of $75.08 and a 200 day moving average of $73.49.

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.