SouthState Bank Corp Has $14.58 Million Stake in Invesco S&P 500 Quality ETF $SPHQ

SouthState Bank Corp lessened its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 47.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 198,944 shares of the company’s stock after selling 176,964 shares during the period. SouthState Bank Corp owned about 0.10% of Invesco S&P 500 Quality ETF worth $14,581,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Ameriprise Financial Inc. increased its stake 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 acquiring an additional 3,741,699 shares during the period. Vantagepoint Investment Advisers LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at $245,312,000. Raymond James Financial Inc. grew its holdings in shares of Invesco S&P 500 Quality ETF by 61.2% during the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock worth $275,733,000 after purchasing an additional 1,469,187 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Invesco S&P 500 Quality ETF by 56.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,892,833 shares of the company’s stock worth $212,016,000 after purchasing an additional 1,039,995 shares in the last quarter. Finally, Compass Ion Advisors LLC increased its position in shares of Invesco S&P 500 Quality ETF by 1,614.2% in the third quarter. Compass Ion Advisors LLC now owns 718,232 shares of the company’s stock worth $52,639,000 after purchasing an additional 676,332 shares during the period.

Invesco S&P 500 Quality ETF Stock Down 0.4%

SPHQ stock opened at $78.14 on Thursday. Invesco S&P 500 Quality ETF has a 52 week low of $57.67 and a 52 week high of $79.00. The business has a 50-day simple moving average of $76.28 and a 200 day simple moving average of $74.10. The company has a market cap of $15.96 billion, a PE ratio of 25.36 and a beta of 0.92.

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.