Cedar Wealth Management LLC Has $6.37 Million Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Cedar Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 19.4% in the fourth quarter, HoldingsChannel reports. The firm owned 95,060 shares of the company’s stock after purchasing an additional 15,428 shares during the quarter. Invesco S&P 500 Quality ETF accounts for about 2.3% of Cedar Wealth Management LLC’s holdings, making the stock its 9th largest holding. Cedar Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $6,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of SPHQ. Commerce Bank bought a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at about $228,000. Citigroup Inc. boosted its position in shares of Invesco S&P 500 Quality ETF by 990.1% in the third quarter. Citigroup Inc. now owns 55,628 shares of the company’s stock valued at $3,742,000 after acquiring an additional 50,525 shares during the period. Nwam LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at about $1,022,000. Certified Advisory Corp raised its stake in Invesco S&P 500 Quality ETF by 14.4% in the third quarter. Certified Advisory Corp now owns 137,105 shares of the company’s stock valued at $9,223,000 after purchasing an additional 17,280 shares in the last quarter. Finally, Optivise Advisory Services LLC acquired a new position in Invesco S&P 500 Quality ETF in the third quarter valued at about $1,880,000.

Invesco S&P 500 Quality ETF Stock Down 0.4 %

SPHQ stock opened at $66.43 on Friday. The company has a market cap of $11.49 billion, a PE ratio of 27.16 and a beta of 0.93. The business has a 50-day simple moving average of $68.92 and a 200 day simple moving average of $67.98. Invesco S&P 500 Quality ETF has a 52 week low of $57.17 and a 52 week high of $71.22.

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.