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

Schwallier Wealth Management LLC lowered its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 376,496 shares of the company’s stock after selling 6,907 shares during the period. Invesco S&P 500 Quality ETF makes up approximately 20.7% of Schwallier Wealth Management LLC’s portfolio, making the stock its largest position. Schwallier Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $28,309,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in Invesco S&P 500 Quality ETF by 68.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after acquiring an additional 3,741,699 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Invesco S&P 500 Quality ETF by 61.2% in the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock worth $275,733,000 after purchasing an additional 1,469,187 shares in the last quarter. Independence Asset Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF in the first quarter worth $73,856,000. Alvarez & Marsal Private Wealth Partners LLC purchased a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth $58,114,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 2,247.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock valued at $42,159,000 after purchasing an additional 537,812 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA:SPHQ opened at $86.10 on Thursday. Invesco S&P 500 Quality ETF has a fifty-two week low of $70.26 and a fifty-two week high of $90.36. The business has a 50-day simple moving average of $86.07 and a two-hundred day simple moving average of $80.87. The firm has a market cap of $19.65 billion, a price-to-earnings ratio of 25.36 and a beta of 0.90.

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.