Milestone Investment Advisors LLC Cuts Stock Position in Invesco S&P 500 Quality ETF $SPHQ

Milestone Investment Advisors LLC lessened its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 532,920 shares of the company’s stock after selling 12,073 shares during the quarter. Invesco S&P 500 Quality ETF makes up about 9.9% of Milestone Investment Advisors LLC’s investment portfolio, making the stock its largest holding. Milestone Investment Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $37,976,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SPHQ. Crestwood Advisors Group LLC boosted its stake in Invesco S&P 500 Quality ETF by 3.4% during the second quarter. Crestwood Advisors Group LLC now owns 39,672 shares of the company’s stock worth $2,827,000 after acquiring an additional 1,323 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Invesco S&P 500 Quality ETF by 9.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,843,952 shares of the company’s stock worth $131,400,000 after acquiring an additional 161,638 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 349.8% in the second quarter. Farther Finance Advisors LLC now owns 3,306 shares of the company’s stock worth $236,000 after acquiring an additional 2,571 shares during the last quarter. Belpointe Asset Management LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the first quarter valued at $358,000. Finally, True North Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF in the 1st quarter worth about $416,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $74.75 on Friday. Invesco S&P 500 Quality ETF has a 1 year low of $57.67 and a 1 year high of $75.03. The firm’s 50-day moving average is $73.72 and its 200 day moving average is $72.29. The stock has a market cap of $15.24 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92.

About Invesco S&P 500 Quality ETF

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.