Collaborative Wealth Managment Inc. reduced its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 10.7% during the fourth quarter, HoldingsChannel reports. The firm owned 8,605 shares of the company’s stock after selling 1,033 shares during the period. Collaborative Wealth Managment Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $577,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of SPHQ. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at $100,697,000. Madison Investment Advisors LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at $88,622,000. Independent Advisor Alliance bought a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at $84,264,000. Corient Private Wealth LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 477.0% in the 4th quarter. Corient Private Wealth LLC now owns 498,472 shares of the company’s stock valued at $33,413,000 after purchasing an additional 412,080 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 5.4% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock valued at $514,378,000 after purchasing an additional 393,229 shares during the last quarter.
Invesco S&P 500 Quality ETF Stock Performance
NYSEARCA:SPHQ opened at $66.39 on Friday. The firm’s fifty day moving average is $68.96 and its 200-day moving average is $67.96. Invesco S&P 500 Quality ETF has a 52 week low of $57.17 and a 52 week high of $71.22. The firm has a market cap of $11.48 billion, a P/E ratio of 27.16 and a beta of 0.93.
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.
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