Institute for Wealth Management LLC. Reduces Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Institute for Wealth Management LLC. decreased its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,881 shares of the company’s stock after selling 173 shares during the period. Institute for Wealth Management LLC.’s holdings in Invesco S&P 500 Quality ETF were worth $1,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Invesco S&P 500 Quality ETF by 5.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock valued at $527,025,000 after acquiring an additional 376,770 shares during the period. LPL Financial LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 1.9% during the 3rd quarter. LPL Financial LLC now owns 7,743,714 shares of the company’s stock valued at $520,920,000 after purchasing an additional 141,687 shares during the period. Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Quality ETF by 5.4% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock valued at $514,378,000 after buying an additional 393,229 shares during the period. FMR LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 4.5% in the third quarter. FMR LLC now owns 4,263,355 shares of the company’s stock worth $286,796,000 after buying an additional 184,895 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in Invesco S&P 500 Quality ETF by 10.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 2,093,687 shares of the company’s stock valued at $140,888,000 after acquiring an additional 197,353 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $70.41 on Friday. The company has a market capitalization of $10.52 billion, a PE ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 52-week low of $55.67 and a 52-week high of $70.54. The business’s fifty day moving average is $68.35 and its 200 day moving average is $66.80.

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.