MOR Wealth Management LLC cut its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 5.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 205,024 shares of the company’s stock after selling 12,842 shares during the period. Invesco S&P 500 Quality ETF accounts for approximately 7.4% of MOR Wealth Management LLC’s investment portfolio, making the stock its 5th biggest holding. MOR Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $18,473,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Ameriprise Financial Inc. boosted its holdings in shares of 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 buying an additional 3,741,699 shares during the period. Bank of America Corp DE lifted its position 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 acquiring an additional 349,166 shares during the last quarter. Raymond James Financial Inc. lifted its position 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 acquiring an additional 603,848 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Invesco S&P 500 Quality ETF by 3.0% during 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 acquiring an additional 80,335 shares during the period. Finally, Royal Bank of Canada grew its position in shares of Invesco S&P 500 Quality ETF by 2.7% in the fourth 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 during the last quarter.
Invesco S&P 500 Quality ETF Trading Up 0.2%
Shares of NYSEARCA SPHQ opened at $85.32 on Friday. The firm has a market cap of $19.60 billion, a P/E ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 1-year low of $71.57 and a 1-year high of $90.36. The business’s 50 day moving average is $86.22 and its 200-day moving average is $82.96.
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.
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