Cornerstone Wealth Management LLC Lowers Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Cornerstone Wealth Management LLC cut its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,417 shares of the company’s stock after selling 1,575 shares during the quarter. Cornerstone Wealth Management LLC owned about 0.07% of Invesco S&P 500 Quality ETF worth $7,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $34,000. Abich Financial Wealth Management LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter worth $38,000. Blue Trust Inc. bought a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter worth $43,000. VitalStone Financial LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 178.8% in the 3rd quarter. VitalStone Financial LLC now owns 814 shares of the company’s stock worth $55,000 after buying an additional 522 shares during the last quarter. Finally, Arrow Financial Corp bought a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter worth $106,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA:SPHQ opened at $69.67 on Friday. The company’s fifty day moving average price is $68.12 and its 200-day moving average price is $66.63. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a one year low of $55.67 and a one 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.