Kovitz Investment Group Partners LLC Reduces Stake in Invesco S&P 500 Quality ETF $SPHQ

Kovitz Investment Group Partners LLC cut its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,002,293 shares of the company’s stock after selling 194,260 shares during the quarter. Invesco S&P 500 Quality ETF comprises 1.7% of Kovitz Investment Group Partners LLC’s investment portfolio, making the stock its 8th largest holding. Kovitz Investment Group Partners LLC’s holdings in Invesco S&P 500 Quality ETF were worth $75,222,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC increased its position in Invesco S&P 500 Quality ETF by 4.5% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock worth $238,000 after acquiring an additional 136 shares during the period. Compound Planning Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 1.0% in the 4th quarter. Compound Planning Inc. now owns 14,556 shares of the company’s stock valued at $1,092,000 after purchasing an additional 138 shares during the period. Verum Partners LLC grew its position in Invesco S&P 500 Quality ETF by 0.3% in the 4th quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock worth $3,772,000 after purchasing an additional 141 shares during the last quarter. Latitude Advisors LLC grew its position in Invesco S&P 500 Quality ETF by 3.0% in the 4th quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock worth $379,000 after purchasing an additional 148 shares during the last quarter. Finally, Brighton Jones LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after purchasing an additional 151 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA:SPHQ opened at $89.36 on Friday. The firm’s 50-day moving average is $83.11 and its 200-day moving average is $79.19. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 52-week low of $68.89 and a 52-week high of $89.94.

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.