Wealth Enhancement Trust Services Inc. trimmed its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 4.3% during the third quarter, HoldingsChannel.com reports. The firm owned 404,480 shares of the company’s stock after selling 18,144 shares during the quarter. Invesco S&P 500 Quality ETF makes up 3.6% of Wealth Enhancement Trust Services Inc.’s portfolio, making the stock its 3rd largest position. Wealth Enhancement Trust Services Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $34,009,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Invesco S&P 500 Quality ETF by 236.9% during the second quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock valued at $606,532,000 after buying an additional 4,733,411 shares during the period. Independence Asset Advisors LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the first quarter valued at approximately $73,856,000. Rockefeller Capital Management L.P. boosted its position in shares of Invesco S&P 500 Quality ETF by 440.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 657,603 shares of the company’s stock valued at $49,353,000 after acquiring an additional 535,929 shares during the period. Sax Wealth Advisors LLC grew its stake in Invesco S&P 500 Quality ETF by 21.3% during the second quarter. Sax Wealth Advisors LLC now owns 542,051 shares of the company’s stock valued at $48,839,000 after acquiring an additional 95,095 shares in the last quarter. Finally, Milestone Investment Advisors LLC grew its stake in Invesco S&P 500 Quality ETF by 0.4% during the first quarter. Milestone Investment Advisors LLC now owns 528,118 shares of the company’s stock valued at $39,709,000 after acquiring an additional 2,201 shares in the last quarter.
Invesco S&P 500 Quality ETF Stock Performance
Invesco S&P 500 Quality ETF stock traded down $0.39 during midday trading on Wednesday, reaching $85.21. 1,282,104 shares of the stock were exchanged, compared to its average volume of 1,625,008. Invesco S&P 500 Quality ETF has a 52 week low of $71.57 and a 52 week high of $90.36. The firm has a market cap of $18.90 billion, a PE ratio of 25.36 and a beta of 0.91. The company’s fifty day moving average is $85.26 and its 200-day moving average is $83.87.
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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