IAG Wealth Partners LLC Reduces Stock Position in Invesco S&P 500 Quality ETF $SPHQ

IAG Wealth Partners LLC lessened its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 13.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,257 shares of the company’s stock after selling 9,591 shares during the quarter. IAG Wealth Partners LLC’s holdings in Invesco S&P 500 Quality ETF were worth $4,747,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC increased its position in Invesco S&P 500 Quality ETF by 4.5% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock worth $238,000 after purchasing an additional 136 shares in the last quarter. Verum Partners LLC increased its position in Invesco S&P 500 Quality ETF by 0.3% during 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 in the last quarter. Latitude Advisors LLC increased its position in Invesco S&P 500 Quality ETF by 3.0% during 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 in the last quarter. Brighton Jones LLC boosted its stake in Invesco S&P 500 Quality ETF by 4.0% in the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after buying an additional 151 shares during the last quarter. Finally, AEGON USA Investment Management LLC boosted its stake in Invesco S&P 500 Quality ETF by 3.4% in the 4th quarter. AEGON USA Investment Management LLC now owns 4,920 shares of the company’s stock worth $369,000 after buying an additional 160 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.4%

Shares of NYSEARCA:SPHQ opened at $85.03 on Tuesday. The stock’s 50-day moving average price is $80.17 and its two-hundred day moving average price is $77.96. Invesco S&P 500 Quality ETF has a 12-month low of $68.89 and a 12-month high of $85.93. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.