Graves Light Lenhart Wealth Inc. Sells 7,520 Shares of Invesco S&P 500 Quality ETF $SPHQ

Graves Light Lenhart Wealth Inc. cut its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 229,618 shares of the company’s stock after selling 7,520 shares during the period. Invesco S&P 500 Quality ETF accounts for 1.9% of Graves Light Lenhart Wealth Inc.’s investment portfolio, making the stock its 15th biggest position. Graves Light Lenhart Wealth Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $16,363,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 45.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,505,821 shares of the company’s stock valued at $365,193,000 after purchasing an additional 1,727,685 shares during the period. LPL Financial LLC boosted its holdings in Invesco S&P 500 Quality ETF by 15.2% in the 1st quarter. LPL Financial LLC now owns 10,044,254 shares of the company’s stock valued at $666,336,000 after purchasing an additional 1,325,931 shares during the period. Alpine Bank Wealth Management bought a new position in Invesco S&P 500 Quality ETF in the 1st quarter valued at $73,239,000. Raymond James Financial Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 59.8% in the 1st quarter. Raymond James Financial Inc. now owns 2,400,210 shares of the company’s stock valued at $159,230,000 after purchasing an additional 897,944 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Invesco S&P 500 Quality ETF by 37.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,594,265 shares of the company’s stock valued at $172,104,000 after purchasing an additional 700,168 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA:SPHQ opened at $72.56 on Wednesday. The firm has a fifty day moving average price of $72.05 and a two-hundred day moving average price of $69.17. Invesco S&P 500 Quality ETF has a one year low of $57.67 and a one year high of $73.02. The company has a market cap of $14.86 billion, a price-to-earnings ratio of 25.36 and a beta of 0.94.

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.