Northwestern Mutual Wealth Management Co. Decreases Position in Invesco S&P 500 Quality ETF $SPHQ

Northwestern Mutual Wealth Management Co. trimmed its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 96.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 91,879 shares of the company’s stock after selling 2,177,991 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Quality ETF were worth $6,896,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at $33,000. Ancora Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at $35,000. Dunhill Financial LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 10,060.0% in the third quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock valued at $37,000 after acquiring an additional 503 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at $37,000. Finally, First Horizon Corp lifted its position in shares of Invesco S&P 500 Quality ETF by 127.9% in the fourth quarter. First Horizon Corp now owns 695 shares of the company’s stock valued at $52,000 after acquiring an additional 390 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Up 1.1%

Shares of NYSEARCA:SPHQ opened at $84.64 on Friday. Invesco S&P 500 Quality ETF has a 52-week low of $68.68 and a 52-week high of $84.97. The stock’s fifty day simple moving average is $79.09 and its 200-day simple moving average is $77.45. The company has a market capitalization of $18.02 billion, a P/E ratio of 25.36 and a beta of 0.91.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.