Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Shares Sold by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 34.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 23,403 shares of the company’s stock after selling 12,525 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,569,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ridgeline Wealth Planning LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth about $808,000. Leavell Investment Management Inc. grew its stake in Invesco S&P 500 Quality ETF by 5.9% during the 4th quarter. Leavell Investment Management Inc. now owns 22,661 shares of the company’s stock worth $1,519,000 after buying an additional 1,271 shares during the last quarter. Collier Financial acquired a new position in Invesco S&P 500 Quality ETF during the fourth quarter worth approximately $10,857,000. Sovran Advisors LLC purchased a new stake in Invesco S&P 500 Quality ETF in the fourth quarter valued at approximately $930,000. Finally, Essex Financial Services Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 2.8% in the fourth quarter. Essex Financial Services Inc. now owns 101,253 shares of the company’s stock valued at $6,787,000 after acquiring an additional 2,744 shares during the period.

Invesco S&P 500 Quality ETF Trading Up 1.0 %

Shares of SPHQ opened at $71.12 on Friday. The company’s 50 day simple moving average is $68.61 and its 200-day simple moving average is $67.22. The firm has a market cap of $10.63 billion, a PE ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 12-month low of $56.56 and a 12-month high of $71.12.

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.