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

Avidian Wealth Solutions LLC cut its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 24.2% during the 4th quarter, Holdings Channel reports. The firm owned 18,588 shares of the company’s stock after selling 5,923 shares during the period. 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 reporting period.

Several other large investors have also modified their holdings of the business. First Command Advisory Services Inc. lifted its stake in shares of 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 valued at $691,620,000 after buying an additional 1,002,069 shares during the period. LPL Financial LLC lifted its stake in shares of 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 valued at $277,870,000 after buying an additional 524,331 shares during the period. FMR LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 0.6% during the third quarter. FMR LLC now owns 4,100,644 shares of the company’s stock valued at $205,196,000 after buying an additional 22,558 shares during the period. Cliftonlarsonallen Wealth Advisors LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 5.4% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,493,947 shares of the company’s stock valued at $188,953,000 after buying an additional 178,554 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at approximately $143,042,000.

Invesco S&P 500 Quality ETF Stock Up 1.2 %

Shares of SPHQ traded up $0.68 on Friday, hitting $58.96. 905,374 shares of the stock traded hands, compared to its average volume of 1,050,232. The firm has a market capitalization of $8.64 billion, a P/E ratio of 21.94 and a beta of 0.97. The stock’s 50 day moving average is $59.27 and its two-hundred day moving average is $55.49. Invesco S&P 500 Quality ETF has a 1 year low of $46.73 and a 1 year high of $60.77.

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.