Avidian Wealth Enterprises LLC Decreases Stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Avidian Wealth Enterprises LLC cut its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,678 shares of the company’s stock after selling 387 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Invesco S&P 500 Quality ETF were worth $582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SPHQ. Assetmark Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 43,723.2% in the third quarter. Assetmark Inc. now owns 624,481 shares of the company’s stock valued at $42,009,000 after purchasing an additional 623,056 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its holdings in shares of Invesco S&P 500 Quality ETF by 51.2% in the 3rd quarter. Mainstay Capital Management LLC ADV now owns 1,453,755 shares of the company’s stock valued at $97,794,000 after buying an additional 492,561 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of Invesco S&P 500 Quality ETF by 5.4% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock valued at $514,378,000 after buying an additional 393,229 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Invesco S&P 500 Quality ETF by 5.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock worth $527,025,000 after acquiring an additional 376,770 shares in the last quarter. Finally, Wealth Management Resources Inc. raised its stake in Invesco S&P 500 Quality ETF by 132.6% during the 4th quarter. Wealth Management Resources Inc. now owns 502,362 shares of the company’s stock worth $33,673,000 after acquiring an additional 286,391 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA SPHQ opened at $70.41 on Thursday. The company has a fifty day moving average of $68.56 and a two-hundred day moving average of $67.20. The company has a market capitalization of $10.52 billion, a PE ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 1 year low of $56.56 and a 1 year high of $70.69.

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.