Commonwealth Equity Services LLC Lowers Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Commonwealth Equity Services LLC reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 910,814 shares of the company’s stock after selling 2,930 shares during the quarter. Commonwealth Equity Services LLC owned about 0.84% of Invesco S&P 500 Quality ETF worth $49,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Great Valley Advisor Group Inc. raised its stake in Invesco S&P 500 Quality ETF by 69.5% during the fourth quarter. Great Valley Advisor Group Inc. now owns 6,916 shares of the company’s stock valued at $374,000 after purchasing an additional 2,836 shares in the last quarter. Concord Wealth Partners lifted its holdings in shares of Invesco S&P 500 Quality ETF by 8.3% in the 4th quarter. Concord Wealth Partners now owns 85,500 shares of the company’s stock valued at $4,624,000 after acquiring an additional 6,526 shares during the last quarter. Cozad Asset Management Inc. grew its position in Invesco S&P 500 Quality ETF by 0.7% in the fourth quarter. Cozad Asset Management Inc. now owns 206,658 shares of the company’s stock worth $11,176,000 after acquiring an additional 1,341 shares in the last quarter. Birchcreek Wealth Management LLC grew its position in Invesco S&P 500 Quality ETF by 37.3% in the fourth quarter. Birchcreek Wealth Management LLC now owns 13,832 shares of the company’s stock worth $748,000 after acquiring an additional 3,757 shares in the last quarter. Finally, IAG Wealth Partners LLC increased its stake in Invesco S&P 500 Quality ETF by 10.2% during the fourth quarter. IAG Wealth Partners LLC now owns 115,938 shares of the company’s stock worth $6,270,000 after acquiring an additional 10,746 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of Invesco S&P 500 Quality ETF stock traded up $0.68 on Friday, reaching $58.96. The company had a trading volume of 905,374 shares, compared to its average volume of 1,050,232. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 21.94 and a beta of 0.97. Invesco S&P 500 Quality ETF has a 1 year low of $46.73 and a 1 year high of $60.77. The firm’s 50-day moving average price is $59.27 and its two-hundred day moving average price is $55.46.

Invesco S&P 500 Quality ETF Company 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.