NorthRock Partners LLC reduced its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 53.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 105,475 shares of the company’s stock after selling 118,754 shares during the period. NorthRock Partners LLC’s holdings in Invesco S&P 500 Quality ETF were worth $9,503,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new stake in Invesco S&P 500 Quality ETF during the 4th quarter valued at $26,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the first quarter valued at $27,000. Bell Investment Advisors Inc purchased a new stake in shares of Invesco S&P 500 Quality ETF during the first quarter valued at $28,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at $29,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF in the 1st quarter worth about $33,000.
Invesco S&P 500 Quality ETF Stock Performance
Shares of NYSEARCA:SPHQ opened at $85.06 on Wednesday. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36. The business has a 50-day simple moving average of $86.05 and a two-hundred day simple moving average of $83.07. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.
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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