Invesco S&P 500 Quality ETF $SPHQ Shares Sold by MML Investors Services LLC

MML Investors Services LLC cut its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 21.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 903,019 shares of the company’s stock after selling 248,941 shares during the quarter. MML Investors Services LLC owned about 0.44% of Invesco S&P 500 Quality ETF worth $67,772,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SPHQ. Ameriprise Financial Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after buying an additional 3,741,699 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 61.2% in the second quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock valued at $275,733,000 after buying an additional 1,469,187 shares in the last quarter. Alvarez & Marsal Private Wealth Partners LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at about $58,114,000. Sequoia Financial Advisors LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 2,247.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock valued at $42,159,000 after buying an additional 537,812 shares in the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 5.9% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,910,347 shares of the company’s stock valued at $668,722,000 after buying an additional 496,439 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ stock opened at $87.32 on Monday. Invesco S&P 500 Quality ETF has a 1 year low of $68.89 and a 1 year high of $87.46. The firm has a market cap of $18.59 billion, a P/E ratio of 25.36 and a beta of 0.91. The stock has a 50-day simple moving average of $82.08 and a 200-day simple moving average of $78.79.

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.