Mission Wealth Management LP Trims Stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Mission Wealth Management LP cut its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,019 shares of the company’s stock after selling 398 shares during the quarter. Mission Wealth Management LP’s holdings in Invesco S&P 500 Quality ETF were worth $326,000 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 the company. First Command Advisory Services Inc. boosted its stake in shares of Invesco S&P 500 Quality ETF by 7.8% during the 3rd quarter. First Command Advisory Services Inc. now owns 13,822,335 shares of the company’s stock worth $691,620,000 after acquiring an additional 1,002,069 shares in the last quarter. LPL Financial LLC boosted its position in Invesco S&P 500 Quality ETF by 10.4% during the third quarter. LPL Financial LLC now owns 5,552,952 shares of the company’s stock worth $277,870,000 after purchasing an additional 524,331 shares in the last quarter. FMR LLC increased its position in shares of Invesco S&P 500 Quality ETF by 0.6% in the third quarter. FMR LLC now owns 4,100,644 shares of the company’s stock valued at $205,196,000 after buying an additional 22,558 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 5.4% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,493,947 shares of the company’s stock worth $188,953,000 after buying an additional 178,554 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter valued at approximately $143,042,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA SPHQ opened at $58.96 on Friday. The firm has a fifty day moving average of $59.27 and a 200 day moving average of $55.46. The firm has a market cap of $8.64 billion, a PE ratio of 21.94 and a beta of 0.97. Invesco S&P 500 Quality ETF has a one year low of $46.73 and a one year high of $60.77.

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.