Invesco S&P 500 Quality ETF $SPHQ Position Lessened by Synergy Investment Management LLC

Synergy Investment Management LLC lowered its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,236 shares of the company’s stock after selling 26,628 shares during the quarter. Invesco S&P 500 Quality ETF makes up approximately 2.6% of Synergy Investment Management LLC’s holdings, making the stock its 10th biggest holding. Synergy Investment Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $7,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in shares of Invesco S&P 500 Quality ETF by 68.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock worth $658,846,000 after purchasing an additional 3,741,699 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of Invesco S&P 500 Quality ETF by 5.9% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,910,347 shares of the company’s stock valued at $668,722,000 after purchasing an additional 496,439 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Invesco S&P 500 Quality ETF by 3.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,915,919 shares of the company’s stock valued at $611,604,000 after purchasing an additional 253,950 shares during the period. Bank of America Corp DE increased its stake in Invesco S&P 500 Quality ETF by 8.0% in the third quarter. Bank of America Corp DE now owns 4,710,108 shares of the company’s stock valued at $345,204,000 after purchasing an additional 349,166 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in Invesco S&P 500 Quality ETF by 15.6% in the third quarter. Raymond James Financial Inc. now owns 4,473,245 shares of the company’s stock valued at $327,844,000 after purchasing an additional 603,848 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Up 0.1%

NYSEARCA SPHQ opened at $82.63 on Tuesday. The business’s 50-day moving average price is $78.64 and its 200 day moving average price is $77.21. Invesco S&P 500 Quality ETF has a twelve month low of $68.68 and a twelve month high of $83.37. The company has a market capitalization of $17.59 billion, a PE ratio of 25.36 and a beta of 0.91.

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