MOR Wealth Management LLC Has $16.38 Million Holdings in Invesco S&P 500 Quality ETF $SPHQ

MOR Wealth Management LLC increased its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 11.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 217,866 shares of the company’s stock after purchasing an additional 22,709 shares during the quarter. Invesco S&P 500 Quality ETF makes up about 7.5% of MOR Wealth Management LLC’s investment portfolio, making the stock its 5th largest holding. MOR Wealth Management LLC owned about 0.10% of Invesco S&P 500 Quality ETF worth $16,381,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SPHQ. Ameriprise Financial Inc. raised its holdings in Invesco S&P 500 Quality ETF by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock worth $658,846,000 after purchasing an additional 3,741,699 shares in the last quarter. 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 buying an additional 1,469,187 shares during the period. Independence Asset Advisors LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the 1st quarter valued at $73,856,000. Alvarez & Marsal Private Wealth Partners LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the 4th quarter valued at $58,114,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of Invesco S&P 500 Quality ETF by 2,247.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock worth $42,159,000 after buying an additional 537,812 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA:SPHQ opened at $87.87 on Friday. The firm’s 50-day moving average price is $84.89 and its 200-day moving average price is $80.14. The company has a market capitalization of $19.80 billion, a PE ratio of 25.36 and a beta of 0.90. Invesco S&P 500 Quality ETF has a 1-year low of $70.26 and a 1-year high of $90.36.

Invesco S&P 500 Quality ETF Company 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.