Invesco S&P 500 Quality ETF $SPHQ Stock Position Cut by Kintra Wealth LLC

Kintra Wealth LLC decreased its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 77.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 5,054 shares of the company’s stock after selling 17,126 shares during the period. Kintra Wealth LLC’s holdings in Invesco S&P 500 Quality ETF were worth $442,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after acquiring an additional 3,741,699 shares in the last quarter. Bank of America Corp DE raised its holdings in Invesco S&P 500 Quality ETF by 8.0% during the third quarter. Bank of America Corp DE now owns 4,710,108 shares of the company’s stock worth $345,204,000 after purchasing an additional 349,166 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Invesco S&P 500 Quality ETF by 15.6% during the third quarter. Raymond James Financial Inc. now owns 4,473,245 shares of the company’s stock worth $327,844,000 after purchasing an additional 603,848 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Invesco S&P 500 Quality ETF by 3.0% in the fourth quarter. Bank of New York Mellon Corp now owns 2,801,483 shares of the company’s stock worth $210,251,000 after purchasing an additional 80,335 shares during the period. Finally, Royal Bank of Canada boosted its stake in Invesco S&P 500 Quality ETF by 2.7% during the 4th quarter. Royal Bank of Canada now owns 2,617,869 shares of the company’s stock valued at $196,470,000 after purchasing an additional 69,645 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $85.32 on Tuesday. Invesco S&P 500 Quality ETF has a 1 year low of $71.57 and a 1 year high of $90.36. The stock has a market cap of $19.60 billion, a PE ratio of 25.36 and a beta of 0.91. The business’s fifty day moving average is $86.15 and its 200-day moving average is $83.03.

About Invesco S&P 500 Quality ETF

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.