Ignite Planners LLC Cuts Position in Invesco S&P 500 Quality ETF $SPHQ

Ignite Planners LLC trimmed its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,303 shares of the company’s stock after selling 291 shares during the quarter. Ignite Planners LLC’s holdings in Invesco S&P 500 Quality ETF were worth $307,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SPHQ. Ameriprise Financial Inc. raised its holdings in shares of 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 worth $365,193,000 after purchasing an additional 1,727,685 shares during the period. LPL Financial LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 15.2% in the 1st quarter. LPL Financial LLC now owns 10,044,254 shares of the company’s stock worth $666,336,000 after purchasing an additional 1,325,931 shares during the period. Alpine Bank Wealth Management purchased a new position in shares of Invesco S&P 500 Quality ETF in the 1st quarter worth about $73,239,000. Raymond James Financial Inc. raised its holdings in shares of Invesco S&P 500 Quality ETF by 59.8% in the 1st quarter. Raymond James Financial Inc. now owns 2,400,210 shares of the company’s stock worth $159,230,000 after purchasing an additional 897,944 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Invesco S&P 500 Quality ETF by 37.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,594,265 shares of the company’s stock worth $172,104,000 after purchasing an additional 700,168 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

Invesco S&P 500 Quality ETF stock opened at $73.86 on Thursday. The company has a market cap of $15.15 billion, a price-to-earnings ratio of 25.36 and a beta of 0.94. Invesco S&P 500 Quality ETF has a 12 month low of $57.67 and a 12 month high of $74.45. The stock’s 50-day moving average is $72.54 and its 200-day moving average is $69.83.

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.