Orion Portfolio Solutions LLC Cuts Stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Orion Portfolio Solutions LLC lessened its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 8.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,633 shares of the company’s stock after selling 6,555 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Invesco S&P 500 Quality ETF were worth $4,869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Citigroup Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 990.1% during the 3rd quarter. Citigroup Inc. now owns 55,628 shares of the company’s stock valued at $3,742,000 after purchasing an additional 50,525 shares during the last quarter. FMR LLC grew its holdings in Invesco S&P 500 Quality ETF by 4.5% during the 3rd quarter. FMR LLC now owns 4,263,355 shares of the company’s stock valued at $286,796,000 after buying an additional 184,895 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in Invesco S&P 500 Quality ETF by 0.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 78,721 shares of the company’s stock valued at $5,296,000 after buying an additional 306 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Invesco S&P 500 Quality ETF by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 16,380 shares of the company’s stock worth $1,102,000 after acquiring an additional 442 shares in the last quarter. Finally, Flow Traders U.S. LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 19.0% during the 3rd quarter. Flow Traders U.S. LLC now owns 8,293 shares of the company’s stock valued at $558,000 after acquiring an additional 1,323 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ stock opened at $65.72 on Friday. The firm has a market cap of $11.66 billion, a PE ratio of 26.90 and a beta of 0.93. The firm has a fifty day moving average price of $68.89 and a 200 day moving average price of $68.04. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.17 and a fifty-two week high of $71.22.

Invesco S&P 500 Quality ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were issued a $0.2014 dividend. The ex-dividend date was Monday, March 24th. This is an increase from Invesco S&P 500 Quality ETF’s previous dividend of $0.18.

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.