Northwestern Mutual Wealth Management Co. cut its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 96.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,879 shares of the company’s stock after selling 2,177,991 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Quality ETF were worth $6,896,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its stake in Invesco S&P 500 Quality ETF by 30.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 154,636 shares of the company’s stock worth $11,687,000 after acquiring an additional 35,910 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in Invesco S&P 500 Quality ETF by 1.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 109,367 shares of the company’s stock worth $8,208,000 after acquiring an additional 1,445 shares during the last quarter. Western Wealth Management LLC increased its stake in Invesco S&P 500 Quality ETF by 3.6% during the fourth quarter. Western Wealth Management LLC now owns 67,976 shares of the company’s stock worth $5,102,000 after acquiring an additional 2,344 shares during the last quarter. Allworth Financial LP increased its stake in Invesco S&P 500 Quality ETF by 1.4% during the fourth quarter. Allworth Financial LP now owns 118,248 shares of the company’s stock worth $8,875,000 after acquiring an additional 1,621 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC increased its stake in Invesco S&P 500 Quality ETF by 1.1% during the fourth quarter. Stonebridge Financial Planning Group LLC now owns 123,524 shares of the company’s stock worth $9,270,000 after acquiring an additional 1,346 shares during the last quarter.
Invesco S&P 500 Quality ETF Price Performance
Shares of NYSEARCA:SPHQ opened at $84.64 on Friday. The firm has a market capitalization of $18.02 billion, a PE ratio of 25.36 and a beta of 0.91. The business has a 50-day moving average of $79.09 and a two-hundred day moving average of $77.45. Invesco S&P 500 Quality ETF has a 12 month low of $68.68 and a 12 month high of $84.97.
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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.
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