Invesco S&P 500 Quality ETF $SPHQ Position Cut by SouthState Bank Corp

SouthState Bank Corp trimmed its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 20.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 158,929 shares of the company’s stock after selling 40,015 shares during the quarter. SouthState Bank Corp owned approximately 0.08% of Invesco S&P 500 Quality ETF worth $11,928,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Invesco S&P 500 Quality ETF by 4.5% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock valued at $238,000 after buying an additional 136 shares during the last quarter. Verum Partners LLC lifted its stake in Invesco S&P 500 Quality ETF by 0.3% in the fourth quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock valued at $3,772,000 after buying an additional 141 shares during the last quarter. Latitude Advisors LLC lifted its stake in Invesco S&P 500 Quality ETF by 3.0% in the fourth quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock valued at $379,000 after buying an additional 148 shares during the last quarter. Brighton Jones LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after purchasing an additional 151 shares in the last quarter. Finally, AEGON USA Investment Management LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 3.4% during the fourth quarter. AEGON USA Investment Management LLC now owns 4,920 shares of the company’s stock valued at $369,000 after purchasing an additional 160 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Down 2.2%

Shares of NYSEARCA SPHQ opened at $84.95 on Friday. Invesco S&P 500 Quality ETF has a fifty-two week low of $68.89 and a fifty-two week high of $87.08. The firm’s 50-day simple moving average is $80.98 and its 200 day simple moving average is $78.28. The stock has a market cap of $18.08 billion, a P/E ratio of 25.36 and a beta of 0.91.

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