Alpine Bank Wealth Management Decreases Position in Invesco S&P 500 Quality ETF $SPHQ

Alpine Bank Wealth Management reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 27.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 803,063 shares of the company’s stock after selling 300,933 shares during the quarter. Invesco S&P 500 Quality ETF comprises about 8.6% of Alpine Bank Wealth Management’s holdings, making the stock its 4th largest position. Alpine Bank Wealth Management’s holdings in Invesco S&P 500 Quality ETF were worth $57,226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Highline Wealth Partners LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the first quarter worth $33,000. Independence Bank of Kentucky bought a new stake in shares of Invesco S&P 500 Quality ETF during the 2nd quarter worth about $33,000. Golden State Wealth Management LLC raised its stake in Invesco S&P 500 Quality ETF by 612.2% in the 1st quarter. Golden State Wealth Management LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 453 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 1st quarter worth about $36,000. Finally, Resources Management Corp CT ADV acquired a new position in shares of Invesco S&P 500 Quality ETF in the 1st quarter valued at approximately $44,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA SPHQ opened at $72.73 on Monday. Invesco S&P 500 Quality ETF has a 52-week low of $57.67 and a 52-week high of $73.79. The firm has a 50 day moving average price of $72.31 and a two-hundred day moving average price of $69.48. The stock has a market cap of $14.89 billion, a P/E ratio of 25.36 and a beta of 0.94.

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.