Kovack Advisors Inc. Has $1.16 Million Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Kovack Advisors Inc. lessened its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,229 shares of the company’s stock after selling 420 shares during the period. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $1,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SPHQ. Jackson Wealth Management LLC grew its position in shares of Invesco S&P 500 Quality ETF by 0.3% in the 3rd quarter. Jackson Wealth Management LLC now owns 96,885 shares of the company’s stock valued at $4,848,000 after buying an additional 243 shares during the last quarter. Fidelity D & D Bancorp Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $2,977,000. Cozad Asset Management Inc. grew its position in shares of Invesco S&P 500 Quality ETF by 0.7% in the 4th quarter. Cozad Asset Management Inc. now owns 206,658 shares of the company’s stock valued at $11,176,000 after buying an additional 1,341 shares during the last quarter. Fiduciary Alliance LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 3.1% during the 1st quarter. Fiduciary Alliance LLC now owns 23,511 shares of the company’s stock valued at $1,420,000 after purchasing an additional 707 shares in the last quarter. Finally, Lincoln National Corp grew its stake in Invesco S&P 500 Quality ETF by 1.8% during the fourth quarter. Lincoln National Corp now owns 88,257 shares of the company’s stock worth $4,773,000 after purchasing an additional 1,598 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $64.29 on Friday. Invesco S&P 500 Quality ETF has a 52 week low of $47.72 and a 52 week high of $65.57. The stock has a 50 day moving average price of $62.00 and a two-hundred day moving average price of $58.92. The stock has a market capitalization of $9.61 billion, a PE ratio of 22.60 and a beta of 0.98.

Invesco S&P 500 Quality ETF 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.