Invesco S&P 500 Quality ETF $SPHQ Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lowered its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 45.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,096 shares of the company’s stock after selling 32,789 shares during the period. Concurrent Investment Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $2,786,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPHQ. Ameriprise Financial Inc. increased its position in shares of Invesco S&P 500 Quality ETF by 45.7% during the first quarter. Ameriprise Financial Inc. now owns 5,505,821 shares of the company’s stock worth $365,193,000 after purchasing an additional 1,727,685 shares in the last quarter. LPL Financial LLC increased its position in shares of Invesco S&P 500 Quality ETF by 15.2% during the first quarter. LPL Financial LLC now owns 10,044,254 shares of the company’s stock worth $666,336,000 after purchasing an additional 1,325,931 shares in the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Invesco S&P 500 Quality ETF during the first quarter worth about $73,239,000. Raymond James Financial Inc. increased its position in shares of Invesco S&P 500 Quality ETF by 59.8% during the first quarter. Raymond James Financial Inc. now owns 2,400,210 shares of the company’s stock worth $159,230,000 after purchasing an additional 897,944 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Invesco S&P 500 Quality ETF by 37.0% during the first quarter. Bank of New York Mellon Corp now owns 2,594,265 shares of the company’s stock worth $172,104,000 after purchasing an additional 700,168 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Up 1.1%

Shares of SPHQ stock opened at $72.99 on Tuesday. The stock has a market capitalization of $14.95 billion, a PE ratio of 25.36 and a beta of 0.94. Invesco S&P 500 Quality ETF has a 52-week low of $57.67 and a 52-week high of $74.45. The stock’s 50-day moving average price is $72.63 and its 200 day moving average price is $70.00.

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.