Institute for Wealth Management LLC. Has $1.94 Million Stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Institute for Wealth Management LLC. cut its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,881 shares of the company’s stock after selling 173 shares during the quarter. Institute for Wealth Management LLC.’s holdings in Invesco S&P 500 Quality ETF were worth $1,936,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new position in Invesco S&P 500 Quality ETF in the 3rd quarter valued at approximately $34,000. Abich Financial Wealth Management LLC acquired a new stake in Invesco S&P 500 Quality ETF in the third quarter worth $38,000. Luken Investment Analytics LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at about $40,000. Blue Trust Inc. bought a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth about $43,000. Finally, VitalStone Financial LLC grew its stake in Invesco S&P 500 Quality ETF by 178.8% in the third quarter. VitalStone Financial LLC now owns 814 shares of the company’s stock valued at $55,000 after acquiring an additional 522 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA SPHQ opened at $70.41 on Friday. The company has a 50-day moving average price of $68.35 and a 200-day moving average price of $66.80. The stock has a market capitalization of $10.52 billion, a P/E ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 1 year low of $55.67 and a 1 year high of $70.54.

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.