Sagace Wealth Management LLC trimmed its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 45.9% in the fourth quarter, Holdings Channel reports. The firm owned 37,131 shares of the company’s stock after selling 31,550 shares during the period. Invesco S&P 500 Quality ETF comprises 1.9% of Sagace Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. Sagace Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $2,489,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth approximately $34,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the third quarter worth $38,000. Blue Trust Inc. acquired a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at $43,000. VitalStone Financial LLC grew its stake in Invesco S&P 500 Quality ETF by 178.8% during the 3rd quarter. VitalStone Financial LLC now owns 814 shares of the company’s stock worth $55,000 after purchasing an additional 522 shares in the last quarter. Finally, Arrow Financial Corp purchased a new stake in Invesco S&P 500 Quality ETF during the 3rd quarter worth about $106,000.
Invesco S&P 500 Quality ETF Price Performance
SPHQ stock opened at $67.38 on Thursday. The business’s 50-day moving average is $68.09 and its two-hundred day moving average is $66.46. The firm has a market capitalization of $10.07 billion, a P/E ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 1 year low of $53.81 and a 1 year high of $69.97.
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.
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