Invesco S&P 500 Quality ETF $SPHQ Position Cut by Jackson Wealth Management LLC

Jackson Wealth Management LLC reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 143,503 shares of the company’s stock after selling 4,251 shares during the quarter. Invesco S&P 500 Quality ETF comprises about 1.1% of Jackson Wealth Management LLC’s investment portfolio, making the stock its 24th largest holding. Jackson Wealth Management LLC owned 0.07% of Invesco S&P 500 Quality ETF worth $10,226,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. LPL Financial LLC raised its stake 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 valued at $666,336,000 after purchasing an additional 1,325,931 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 4.1% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,043,049 shares of the company’s stock valued at $573,148,000 after purchasing an additional 319,087 shares in the last quarter. Ameriprise Financial Inc. raised its stake 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 valued at $365,193,000 after purchasing an additional 1,727,685 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Invesco S&P 500 Quality ETF by 0.3% during the first quarter. Fifth Third Bancorp now owns 4,347,485 shares of the company’s stock valued at $288,412,000 after purchasing an additional 14,721 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake 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 valued at $172,104,000 after purchasing an additional 700,168 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Down 0.0%

Shares of NYSEARCA SPHQ opened at $73.95 on Friday. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.67 and a fifty-two week high of $74.45. The firm’s 50-day simple moving average is $72.45 and its 200 day simple moving average is $69.68. The stock has a market cap of $15.18 billion, a P/E ratio of 25.36 and a beta of 0.94.

Invesco S&P 500 Quality ETF Company 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.