Invesco S&P 500 Quality ETF $SPHQ is Northwest Financial Advisors’ 4th Largest Position

Northwest Financial Advisors cut its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 33.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,244 shares of the company’s stock after selling 17,613 shares during the quarter. Invesco S&P 500 Quality ETF comprises approximately 3.5% of Northwest Financial Advisors’ investment portfolio, making the stock its 4th biggest position. Northwest Financial Advisors’ holdings in Invesco S&P 500 Quality ETF were worth $2,512,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SPHQ. Brighton Jones LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after purchasing an additional 151 shares during the period. Golden State Wealth Management LLC lifted its stake in Invesco S&P 500 Quality ETF by 1,324.3% during the 1st quarter. Golden State Wealth Management LLC now owns 1,054 shares of the company’s stock worth $70,000 after acquiring an additional 980 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Invesco S&P 500 Quality ETF by 2.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 8,463 shares of the company’s stock worth $561,000 after acquiring an additional 204 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its stake in Invesco S&P 500 Quality ETF by 4.1% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 9,034 shares of the company’s stock worth $599,000 after acquiring an additional 356 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. lifted its stake in Invesco S&P 500 Quality ETF by 502.1% during the 1st quarter. Astoria Portfolio Advisors LLC. now owns 29,221 shares of the company’s stock worth $1,868,000 after acquiring an additional 24,368 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.6%

SPHQ opened at $74.58 on Wednesday. The stock’s 50-day moving average price is $73.09 and its 200 day moving average price is $70.86. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $75.03. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92.

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.