Gladstone Institutional Advisory LLC Reduces Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Gladstone Institutional Advisory LLC decreased its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 34.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,403 shares of the company’s stock after selling 12,525 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter worth $34,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new stake in Invesco S&P 500 Quality ETF during the fourth quarter worth about $40,000. Blue Trust Inc. purchased a new position in Invesco S&P 500 Quality ETF during the third quarter worth about $43,000. Finally, Arrow Financial Corp acquired a new position in Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $106,000.

Invesco S&P 500 Quality ETF Price Performance

Invesco S&P 500 Quality ETF stock opened at $71.12 on Friday. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. The firm has a 50 day simple moving average of $68.61 and a 200-day simple moving average of $67.22. Invesco S&P 500 Quality ETF has a 1-year low of $56.56 and a 1-year high of $71.12.

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.