Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Position Decreased by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC cut its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 24.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,588 shares of the company’s stock after selling 5,923 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,005,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at approximately $143,042,000. Bank of New York Mellon Corp bought a new position in shares of Invesco S&P 500 Quality ETF in the third quarter valued at approximately $72,530,000. First Command Advisory Services Inc. increased its position in Invesco S&P 500 Quality ETF by 7.8% during the third quarter. First Command Advisory Services Inc. now owns 13,822,335 shares of the company’s stock worth $691,620,000 after acquiring an additional 1,002,069 shares during the period. Corient Private Wealth LLC increased its position in Invesco S&P 500 Quality ETF by 125.4% during the third quarter. Corient Private Wealth LLC now owns 1,233,177 shares of the company’s stock worth $61,708,000 after acquiring an additional 686,116 shares during the period. Finally, LPL Financial LLC increased its position in Invesco S&P 500 Quality ETF by 10.4% during the third quarter. LPL Financial LLC now owns 5,552,952 shares of the company’s stock worth $277,870,000 after acquiring an additional 524,331 shares during the period.

Invesco S&P 500 Quality ETF Stock Up 1.2 %

Invesco S&P 500 Quality ETF stock traded up $0.68 on Friday, hitting $58.96. The company’s stock had a trading volume of 905,374 shares, compared to its average volume of 1,050,232. The firm has a market cap of $8.64 billion, a P/E ratio of 21.94 and a beta of 0.97. The company has a fifty day moving average price of $59.27 and a 200-day moving average price of $55.49. Invesco S&P 500 Quality ETF has a one year low of $46.73 and a one year high of $60.77.

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.