Strategies Wealth Advisors LLC Sells 7,350 Shares of Invesco S&P 500 Quality ETF $SPHQ

Strategies Wealth Advisors LLC lowered its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 158,316 shares of the company’s stock after selling 7,350 shares during the quarter. Invesco S&P 500 Quality ETF comprises about 1.2% of Strategies Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position. Strategies Wealth Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $11,603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after buying an additional 151 shares in the last quarter. Fragasso Financial Advisors Inc lifted its position in shares of Invesco S&P 500 Quality ETF by 0.5% during the third quarter. Fragasso Financial Advisors Inc now owns 31,677 shares of the company’s stock worth $2,342,000 after purchasing an additional 157 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 1.1% during the second quarter. Brown Advisory Inc. now owns 15,535 shares of the company’s stock valued at $1,107,000 after purchasing an additional 166 shares during the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 0.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 35,163 shares of the company’s stock valued at $2,577,000 after purchasing an additional 168 shares in the last quarter. Finally, Capital Asset Advisory Services LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 1.5% in the third quarter. Capital Asset Advisory Services LLC now owns 12,468 shares of the company’s stock valued at $914,000 after purchasing an additional 181 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

SPHQ stock opened at $80.94 on Friday. The company has a 50 day moving average price of $77.89 and a 200 day moving average price of $75.04. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.67 and a fifty-two week high of $81.05. The stock has a market capitalization of $16.53 billion, a PE ratio of 25.36 and a beta of 0.92.

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.