Invesco S&P 500 Quality ETF $SPHQ Shares Sold by KPP Advisory Services LLC

KPP Advisory Services LLC cut its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,015 shares of the company’s stock after selling 6,996 shares during the period. Invesco S&P 500 Quality ETF accounts for about 0.9% of KPP Advisory Services LLC’s holdings, making the stock its 28th biggest position. KPP Advisory Services LLC’s holdings in Invesco S&P 500 Quality ETF were worth $6,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its position in Invesco S&P 500 Quality ETF by 68.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock worth $658,846,000 after acquiring an additional 3,741,699 shares during the period. Raymond James Financial Inc. increased its holdings in shares of Invesco S&P 500 Quality ETF by 61.2% in the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock valued at $275,733,000 after purchasing an additional 1,469,187 shares in the last quarter. Independence Asset Advisors LLC purchased a new position in Invesco S&P 500 Quality ETF in the first quarter valued at about $73,856,000. Alvarez & Marsal Private Wealth Partners LLC acquired a new position in Invesco S&P 500 Quality ETF during the fourth quarter worth $58,114,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 2,247.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock worth $42,159,000 after buying an additional 537,812 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA SPHQ opened at $88.98 on Thursday. Invesco S&P 500 Quality ETF has a 12-month low of $70.26 and a 12-month high of $90.36. The firm’s 50-day moving average is $84.73 and its two-hundred day moving average is $80.05. The company has a market capitalization of $20.05 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.