Invesco S&P 500 Quality ETF $SPHQ Shares Sold by Wedbush Securities Inc.

Wedbush Securities Inc. cut its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 8.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,524 shares of the company’s stock after selling 1,613 shares during the period. Wedbush Securities Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $1,249,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SPHQ. LPL Financial LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 15.2% in 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 lifted its holdings in Invesco S&P 500 Quality ETF by 4.1% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,043,049 shares of the company’s stock worth $573,148,000 after buying an additional 319,087 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Invesco S&P 500 Quality ETF by 45.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,505,821 shares of the company’s stock valued at $365,193,000 after buying an additional 1,727,685 shares during the period. Bank of New York Mellon Corp boosted its position in Invesco S&P 500 Quality ETF by 2.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,668,272 shares of the company’s stock valued at $190,141,000 after buying an additional 74,007 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 59.8% in the first quarter. Raymond James Financial Inc. now owns 2,400,210 shares of the company’s stock worth $159,230,000 after acquiring an additional 897,944 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Up 0.4%

Invesco S&P 500 Quality ETF stock opened at $73.45 on Monday. The firm has a market capitalization of $14.97 billion, a P/E ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a twelve month low of $57.67 and a twelve month high of $75.03. The stock’s fifty day simple moving average is $73.30 and its 200-day simple moving average is $71.50.

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.