Invesco S&P 500 Quality ETF $SPHQ Shares Sold by KPP Advisory Services LLC

KPP Advisory Services LLC trimmed its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 7.9% in the first quarter, Holdings Channel.com reports. The firm owned 81,015 shares of the company’s stock after selling 6,996 shares during the quarter. Invesco S&P 500 Quality ETF comprises about 0.9% of KPP Advisory Services LLC’s portfolio, making the stock its 28th largest position. KPP Advisory Services LLC’s holdings in Invesco S&P 500 Quality ETF were worth $6,092,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in 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 in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 5.9% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,910,347 shares of the company’s stock worth $668,722,000 after purchasing an additional 496,439 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted 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 worth $611,604,000 after buying an additional 253,950 shares during the period. Bank of America Corp DE boosted its position in shares of 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 worth $345,204,000 after buying an additional 349,166 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of 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 buying an additional 603,848 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 1.2%

SPHQ opened at $88.98 on Thursday. The company has a fifty day simple moving average of $84.73 and a 200 day simple moving average of $80.05. The firm has a market cap of $20.05 billion, a price-to-earnings ratio of 25.36 and a beta of 0.90. Invesco S&P 500 Quality ETF has a twelve month low of $70.26 and a twelve month 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.