Intelligence Driven Advisers LLC Cuts Stock Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Intelligence Driven Advisers LLC trimmed its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 28.4% during the 4th quarter, Holdings Channel reports. The firm owned 19,260 shares of the company’s stock after selling 7,644 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SPHQ. CWM LLC raised its position in Invesco S&P 500 Quality ETF by 5.4% during the third quarter. CWM LLC now owns 5,407 shares of the company’s stock valued at $364,000 after purchasing an additional 275 shares in the last quarter. Creative Planning increased its position in shares of Invesco S&P 500 Quality ETF by 1.9% during the 3rd quarter. Creative Planning now owns 126,863 shares of the company’s stock valued at $8,534,000 after purchasing an additional 2,367 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of Invesco S&P 500 Quality ETF by 39.0% during the 3rd quarter. NBC Securities Inc. now owns 3,961 shares of the company’s stock valued at $266,000 after buying an additional 1,111 shares in the last quarter. ERn Financial LLC lifted its position in Invesco S&P 500 Quality ETF by 2.8% in the 3rd quarter. ERn Financial LLC now owns 40,738 shares of the company’s stock worth $2,740,000 after buying an additional 1,119 shares during the last quarter. Finally, Tsfg LLC lifted its position in Invesco S&P 500 Quality ETF by 2.8% in the 3rd quarter. Tsfg LLC now owns 200,468 shares of the company’s stock worth $13,485,000 after buying an additional 5,398 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA SPHQ opened at $70.41 on Thursday. The stock has a market capitalization of $10.52 billion, a P/E ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a one year low of $56.56 and a one year high of $70.69. The firm’s 50 day simple moving average is $68.56 and its two-hundred day simple moving average is $67.20.

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.