Invesco S&P 500 Quality ETF $SPHQ is Schwallier Wealth Management LLC’s Largest Position

Schwallier Wealth Management LLC trimmed its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 6.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 383,403 shares of the company’s stock after selling 24,587 shares during the period. Invesco S&P 500 Quality ETF accounts for 19.0% of Schwallier Wealth Management LLC’s holdings, making the stock its largest position. Schwallier Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $29,672,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SPHQ. MTM Investment Management LLC purchased a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at about $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at about $33,000. Ancora Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $35,000. Dunhill Financial LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 10,060.0% in the 3rd quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock valued at $37,000 after buying an additional 503 shares during the period. Finally, Burkett Financial Services LLC purchased a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $37,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ opened at $84.95 on Friday. The stock has a 50-day simple moving average of $80.98 and a 200-day simple moving average of $78.28. The stock has a market capitalization of $18.08 billion, a PE ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 1 year low of $68.89 and a 1 year high of $87.08.

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.