69,510 Invesco S&P 500 Quality ETF $SPHQ Shares Sold by Sierra Ocean LLC

Sierra Ocean LLC lowered its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 31.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 150,491 shares of the company’s stock after selling 69,510 shares during the period. Invesco S&P 500 Quality ETF comprises about 7.8% of Sierra Ocean LLC’s portfolio, making the stock its 3rd largest holding. Sierra Ocean LLC owned 0.07% of Invesco S&P 500 Quality ETF worth $12,653,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter worth about $649,488,000. Envestnet Asset Management Inc. raised its position in Invesco S&P 500 Quality ETF by 236.9% during the second quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock valued at $606,532,000 after acquiring an additional 4,733,411 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new position in Invesco S&P 500 Quality ETF during the third quarter valued at approximately $269,341,000. Commonwealth Equity Services LLC purchased a new position in Invesco S&P 500 Quality ETF during the third quarter valued at approximately $92,486,000. Finally, Kestra Advisory Services LLC lifted its holdings in Invesco S&P 500 Quality ETF by 116.7% in the third quarter. Kestra Advisory Services LLC now owns 899,891 shares of the company’s stock valued at $75,663,000 after acquiring an additional 484,558 shares during the period.

Invesco S&P 500 Quality ETF Trading Up 0.1%

Shares of NYSEARCA:SPHQ opened at $81.15 on Friday. Invesco S&P 500 Quality ETF has a 12-month low of $71.57 and a 12-month high of $90.36. The business has a 50 day moving average of $84.35 and a two-hundred day moving average of $82.82. The company has a market capitalization of $18.15 billion, a PE ratio of 25.36 and a beta of 0.91.

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