Orgel Wealth Management LLC Sells 23,181 Shares of Invesco S&P 500 Quality ETF $SPHQ

Orgel Wealth Management LLC reduced its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 5.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 402,733 shares of the company’s stock after selling 23,181 shares during the period. Invesco S&P 500 Quality ETF accounts for approximately 0.7% of Orgel Wealth Management LLC’s portfolio, making the stock its 22nd largest holding. Orgel Wealth Management LLC owned approximately 0.20% of Invesco S&P 500 Quality ETF worth $30,225,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. WealthCare Investment Partners LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 8.0% in the fourth quarter. WealthCare Investment Partners LLC now owns 3,446 shares of the company’s stock worth $260,000 after purchasing an additional 256 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco S&P 500 Quality ETF by 50.3% in the third quarter. JPMorgan Chase & Co. now owns 419,094 shares of the company’s stock valued at $30,715,000 after purchasing an additional 140,246 shares during the period. IFP Advisors Inc lifted its stake in shares of Invesco S&P 500 Quality ETF by 26.5% during the 3rd quarter. IFP Advisors Inc now owns 46,063 shares of the company’s stock valued at $3,376,000 after buying an additional 9,648 shares in the last quarter. Lantern Wealth Advisors LLC bought a new position in Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $205,000. Finally, Connors Investor Services Inc. bought a new position in Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $280,000.

Invesco S&P 500 Quality ETF Trading Down 1.0%

Invesco S&P 500 Quality ETF stock opened at $75.24 on Friday. The firm has a 50 day simple moving average of $78.30 and a 200 day simple moving average of $75.55. Invesco S&P 500 Quality ETF has a 1-year low of $57.67 and a 1-year high of $81.04. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92.

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.