Invesco S&P 500 Quality ETF $SPHQ Stock Sold by Schwallier Wealth Management LLC

Schwallier Wealth Management LLC cut its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 18.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,856 shares of the company’s stock after selling 30,243 shares during the quarter. Invesco S&P 500 Quality ETF makes up 7.5% of Schwallier Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Schwallier Wealth Management LLC owned about 0.06% of Invesco S&P 500 Quality ETF worth $11,423,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the third quarter valued at approximately $649,488,000. Envestnet Asset Management Inc. boosted its position in Invesco S&P 500 Quality ETF by 236.9% during the second quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock worth $606,532,000 after acquiring an additional 4,733,411 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new stake in Invesco S&P 500 Quality ETF during the third quarter worth approximately $269,341,000. Commonwealth Equity Services LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $92,486,000. Finally, Kestra Advisory Services LLC grew its stake in Invesco S&P 500 Quality ETF by 116.7% in the 3rd quarter. Kestra Advisory Services LLC now owns 899,891 shares of the company’s stock worth $75,663,000 after acquiring an additional 484,558 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ opened at $85.03 on Thursday. The stock has a fifty day moving average of $84.28 and a two-hundred day moving average of $82.93. The company has a market capitalization of $19.02 billion, a PE ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.