Sequoia Financial Advisors LLC reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 14.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 468,394 shares of the company’s stock after selling 80,524 shares during the quarter. Sequoia Financial Advisors LLC owned 0.20% of Invesco S&P 500 Quality ETF worth $42,202,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. MTM Investment Management LLC purchased a new stake in Invesco S&P 500 Quality ETF during the 4th quarter valued at about $26,000. Cassaday & Co Wealth Management LLC bought a new position in Invesco S&P 500 Quality ETF during the 1st quarter worth approximately $27,000. Bell Investment Advisors Inc purchased a new position in Invesco S&P 500 Quality ETF in the 1st quarter worth approximately $28,000. IFC & Insurance Marketing Inc. purchased a new position in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $29,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF in the first quarter valued at approximately $33,000.
Invesco S&P 500 Quality ETF Stock Performance
Shares of SPHQ stock opened at $84.43 on Thursday. The company has a market capitalization of $19.39 billion, a P/E ratio of 25.36 and a beta of 0.91. 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 stock has a 50 day moving average price of $85.96 and a two-hundred day moving average price of $83.10.
About Invesco S&P 500 Quality ETF
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.
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