Invesco S&P 500 Quality ETF $SPHQ Stake Reduced by Jackson Wealth Management LLC

Jackson Wealth Management LLC cut its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 143,503 shares of the company’s stock after selling 4,251 shares during the quarter. Invesco S&P 500 Quality ETF accounts for about 1.1% of Jackson Wealth Management LLC’s portfolio, making the stock its 24th biggest position. Jackson Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $10,226,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC raised its position in Invesco S&P 500 Quality ETF by 15.2% in the first quarter. LPL Financial LLC now owns 10,044,254 shares of the company’s stock worth $666,336,000 after acquiring an additional 1,325,931 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its stake in Invesco S&P 500 Quality ETF by 4.1% in the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,043,049 shares of the company’s stock worth $573,148,000 after purchasing an additional 319,087 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Invesco S&P 500 Quality ETF by 45.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,505,821 shares of the company’s stock worth $365,193,000 after purchasing an additional 1,727,685 shares in the last quarter. Fifth Third Bancorp increased its stake in Invesco S&P 500 Quality ETF by 0.3% in the 1st quarter. Fifth Third Bancorp now owns 4,347,485 shares of the company’s stock worth $288,412,000 after purchasing an additional 14,721 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Invesco S&P 500 Quality ETF by 37.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,594,265 shares of the company’s stock worth $172,104,000 after purchasing an additional 700,168 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.0%

Shares of SPHQ opened at $73.95 on Friday. The business’s 50-day moving average price is $72.45 and its 200 day moving average price is $69.68. The stock has a market capitalization of $15.18 billion, a P/E ratio of 25.36 and a beta of 0.94. Invesco S&P 500 Quality ETF has a 1-year low of $57.67 and a 1-year high of $74.45.

Invesco S&P 500 Quality ETF Company 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.