Northwestern Mutual Wealth Management Co. Raises Stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Northwestern Mutual Wealth Management Co. increased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 5.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,385,058 shares of the company’s stock after acquiring an additional 76,204 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Quality ETF were worth $88,007,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SPHQ. Chicago Wealth Management Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 3.0% in the 2nd quarter. Chicago Wealth Management Inc. now owns 149,574 shares of the company’s stock valued at $9,504,000 after purchasing an additional 4,299 shares during the last quarter. MidWestOne Financial Group Inc. acquired a new position in Invesco S&P 500 Quality ETF in the second quarter valued at approximately $321,000. Bank of Montreal Can grew its position in Invesco S&P 500 Quality ETF by 47.5% in the second quarter. Bank of Montreal Can now owns 14,081 shares of the company’s stock worth $900,000 after acquiring an additional 4,537 shares during the period. Evergreen Capital Management LLC increased its stake in Invesco S&P 500 Quality ETF by 13.9% during the second quarter. Evergreen Capital Management LLC now owns 277,250 shares of the company’s stock worth $17,616,000 after acquiring an additional 33,861 shares during the last quarter. Finally, Certified Advisory Corp raised its position in Invesco S&P 500 Quality ETF by 20.1% in the second quarter. Certified Advisory Corp now owns 119,825 shares of the company’s stock valued at $7,614,000 after purchasing an additional 20,013 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA SPHQ opened at $67.15 on Friday. The stock has a market capitalization of $10.04 billion, a P/E ratio of 22.60 and a beta of 0.98. The firm’s 50-day moving average is $65.12 and its two-hundred day moving average is $62.73. Invesco S&P 500 Quality ETF has a 12 month low of $47.72 and a 12 month high of $67.54.

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.