Orgel Wealth Management LLC Sells 50,613 Shares of Invesco S&P 500 Quality ETF $SPHQ

Orgel Wealth Management LLC trimmed its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 12.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 345,076 shares of the company’s stock after selling 50,613 shares during the period. Invesco S&P 500 Quality ETF accounts for 0.5% of Orgel Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Orgel Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $29,014,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SPHQ. Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter worth about $649,488,000. Envestnet Asset Management Inc. grew its position in shares of Invesco S&P 500 Quality ETF by 236.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock valued at $606,532,000 after buying an additional 4,733,411 shares during the last quarter. Independence Asset Advisors LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the 1st quarter valued at about $73,856,000. Rockefeller Capital Management L.P. grew its position in shares of Invesco S&P 500 Quality ETF by 440.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 657,603 shares of the company’s stock valued at $49,353,000 after buying an additional 535,929 shares during the last quarter. Finally, Union Savings Bank acquired a new stake in Invesco S&P 500 Quality ETF during the fourth quarter worth about $36,173,000.

Invesco S&P 500 Quality ETF Stock Down 1.1%

SPHQ opened at $84.46 on Thursday. The company’s 50-day moving average price is $85.26 and its 200 day moving average price is $84.28. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36. The firm has a market cap of $18.84 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.