Invesco S&P 500 Quality ETF $SPHQ Shares Sold by Schwallier Wealth Management LLC

Schwallier Wealth Management LLC decreased its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 18.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,856 shares of the company’s stock after selling 30,243 shares during the quarter. Invesco S&P 500 Quality ETF makes up approximately 7.5% of Schwallier Wealth Management LLC’s holdings, making the stock its 3rd largest holding. Schwallier Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $11,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPHQ. Joel Isaacson & Co. LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter worth approximately $271,000. Silver Grove Financial Group Inc. increased its position in Invesco S&P 500 Quality ETF by 686.6% during the third quarter. Silver Grove Financial Group Inc. now owns 527 shares of the company’s stock worth $44,000 after purchasing an additional 460 shares during the last quarter. AMG National Trust Bank acquired a new position in Invesco S&P 500 Quality ETF during the third quarter worth approximately $362,000. Moneco Advisors LLC raised its stake in Invesco S&P 500 Quality ETF by 12.7% during the third quarter. Moneco Advisors LLC now owns 37,551 shares of the company’s stock worth $3,157,000 after purchasing an additional 4,233 shares during the period. Finally, Lido Advisors LLC purchased a new position in Invesco S&P 500 Quality ETF during the third quarter worth approximately $17,150,000.

Invesco S&P 500 Quality ETF Stock Up 1.8%

NYSEARCA:SPHQ opened at $85.03 on Thursday. The company has a market cap of $19.02 billion, a P/E ratio of 25.36 and a beta of 0.91. The firm’s 50 day moving average is $84.28 and its two-hundred day moving average is $82.93. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36.

Invesco S&P 500 Quality ETF 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.