Sequoia Financial Advisors LLC Lowers Holdings in Invesco S&P 500 Quality ETF $SPHQ

Sequoia Financial Advisors LLC trimmed its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 548,918 shares of the company’s stock after selling 12,828 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.26% of Invesco S&P 500 Quality ETF worth $41,273,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MTM Investment Management LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at $26,000. Bell Investment Advisors Inc bought a new stake in Invesco S&P 500 Quality ETF in the 1st quarter worth about $28,000. IFC & Insurance Marketing Inc. purchased a new position in Invesco S&P 500 Quality ETF in the 4th quarter worth about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in Invesco S&P 500 Quality ETF in the 4th quarter worth about $33,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in Invesco S&P 500 Quality ETF during the 1st quarter valued at about $33,000.

Invesco S&P 500 Quality ETF Stock Up 0.4%

Shares of NYSEARCA SPHQ traded up $0.36 during trading on Friday, reaching $88.12. 1,393,921 shares of the company traded hands, compared to its average volume of 1,765,440. The firm has a 50 day simple moving average of $85.78 and a 200-day simple moving average of $80.61. Invesco S&P 500 Quality ETF has a 52-week low of $70.26 and a 52-week high of $90.36. The stock has a market capitalization of $20.03 billion, a PE ratio of 25.36 and a beta of 0.90.

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.