Sierra Ocean LLC cut its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 31.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 150,491 shares of the company’s stock after selling 69,510 shares during the period. Invesco S&P 500 Quality ETF makes up about 7.8% of Sierra Ocean LLC’s portfolio, making the stock its 3rd largest holding. Sierra Ocean LLC’s holdings in Invesco S&P 500 Quality ETF were worth $12,653,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the business. Verus Capital Partners LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at approximately $383,000. Waldron Private Wealth LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at $973,000. Calamos Wealth Management LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter worth $370,000. Steele Capital Management Inc. purchased a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter worth $847,000. Finally, Kraematon Investment Advisors Inc. increased its holdings in Invesco S&P 500 Quality ETF by 2.7% in the 3rd quarter. Kraematon Investment Advisors Inc. now owns 14,291 shares of the company’s stock worth $1,202,000 after acquiring an additional 370 shares in the last quarter.
Invesco S&P 500 Quality ETF Stock Performance
NYSEARCA:SPHQ opened at $81.15 on Friday. The company has a fifty day moving average of $84.35 and a two-hundred day moving average of $82.82. The stock has a market capitalization of $18.15 billion, a PE ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36.
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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.
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