Sage Mountain Advisors LLC Trims Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Sage Mountain Advisors LLC decreased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 5.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 145,389 shares of the company’s stock after selling 8,413 shares during the period. Invesco S&P 500 Quality ETF accounts for approximately 0.7% of Sage Mountain Advisors LLC’s portfolio, making the stock its 27th largest holding. Sage Mountain Advisors LLC owned approximately 0.10% of Invesco S&P 500 Quality ETF worth $9,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC increased its position in Invesco S&P 500 Quality ETF by 4.0% during the third quarter. Janney Montgomery Scott LLC now owns 48,923 shares of the company’s stock worth $3,291,000 after purchasing an additional 1,895 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Invesco S&P 500 Quality ETF by 6.9% during the third quarter. Verdence Capital Advisors LLC now owns 10,215 shares of the company’s stock worth $687,000 after purchasing an additional 658 shares during the last quarter. Atria Investments Inc acquired a new position in Invesco S&P 500 Quality ETF during the third quarter worth approximately $699,000. Arrow Financial Corp acquired a new position in Invesco S&P 500 Quality ETF during the third quarter worth approximately $106,000. Finally, Sigma Planning Corp increased its position in Invesco S&P 500 Quality ETF by 44.3% during the third quarter. Sigma Planning Corp now owns 17,017 shares of the company’s stock worth $1,145,000 after purchasing an additional 5,224 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $67.09 on Tuesday. Invesco S&P 500 Quality ETF has a one year low of $57.17 and a one year high of $71.22. The company has a 50 day moving average price of $69.04 and a 200 day moving average price of $67.96. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 29.27 and a beta of 0.94.

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.