Invesco S&P 500 Quality ETF $SPHQ Stock Sold by Wealth Enhancement Trust Services Inc.

Wealth Enhancement Trust Services Inc. cut its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 404,480 shares of the company’s stock after selling 18,144 shares during the quarter. Invesco S&P 500 Quality ETF comprises about 3.6% of Wealth Enhancement Trust Services Inc.’s holdings, making the stock its 3rd largest position. Wealth Enhancement Trust Services Inc. owned about 0.18% of Invesco S&P 500 Quality ETF worth $34,009,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 236.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock worth $606,532,000 after acquiring an additional 4,733,411 shares during the period. Independence Asset Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF in the 1st quarter valued at about $73,856,000. Rockefeller Capital Management L.P. raised its stake in Invesco S&P 500 Quality ETF by 440.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 657,603 shares of the company’s stock valued at $49,353,000 after acquiring an additional 535,929 shares during the period. Sax Wealth Advisors LLC lifted its holdings in Invesco S&P 500 Quality ETF by 21.3% during the second quarter. Sax Wealth Advisors LLC now owns 542,051 shares of the company’s stock valued at $48,839,000 after purchasing an additional 95,095 shares during the last quarter. Finally, Milestone Investment Advisors LLC lifted its holdings in Invesco S&P 500 Quality ETF by 0.4% during the first quarter. Milestone Investment Advisors LLC now owns 528,118 shares of the company’s stock valued at $39,709,000 after purchasing an additional 2,201 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA:SPHQ traded down $0.39 on Wednesday, reaching $85.21. 1,282,104 shares of the company’s stock were exchanged, compared to its average volume of 1,625,008. The firm has a market cap of $18.90 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The stock has a fifty day simple moving average of $85.26 and a 200-day simple moving average of $83.87. Invesco S&P 500 Quality ETF has a 52 week low of $71.57 and a 52 week high of $90.36.

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