LPL Financial LLC Sells 1,195,544 Shares of Invesco S&P 500 Quality ETF $SPHQ

LPL Financial LLC cut its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,917,365 shares of the company’s stock after selling 1,195,544 shares during the quarter. LPL Financial LLC owned 5.83% of Invesco S&P 500 Quality ETF worth $894,398,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPHQ. Ausdal Financial Partners Inc. increased its stake in Invesco S&P 500 Quality ETF by 187.2% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 41,424 shares of the company’s stock worth $3,036,000 after purchasing an additional 27,003 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its stake in Invesco S&P 500 Quality ETF by 235.2% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 10,107 shares of the company’s stock worth $742,000 after purchasing an additional 7,092 shares in the last quarter. Alpine Bank Wealth Management increased its stake in Invesco S&P 500 Quality ETF by 1.3% during the 4th quarter. Alpine Bank Wealth Management now owns 555,050 shares of the company’s stock worth $41,657,000 after purchasing an additional 7,296 shares in the last quarter. Demars Financial Group LLC increased its stake in Invesco S&P 500 Quality ETF by 4.6% during the 4th quarter. Demars Financial Group LLC now owns 639,632 shares of the company’s stock worth $48,004,000 after purchasing an additional 28,275 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in Invesco S&P 500 Quality ETF by 44.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 42,599 shares of the company’s stock worth $3,197,000 after acquiring an additional 13,025 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ opened at $84.95 on Monday. The stock has a market capitalization of $18.08 billion, a P/E ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a twelve month low of $68.89 and a twelve month high of $87.08. The company has a 50 day moving average of $80.98 and a 200-day moving average of $78.32.

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.