33,223 Invesco S&P 500 Quality ETF $SPHQ Shares Sold by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. decreased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 10.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,946 shares of the company’s stock after selling 33,223 shares during the quarter. Invesco S&P 500 Quality ETF accounts for approximately 1.4% of Summit Wealth Group LLC Co.’s investment portfolio, making the stock its 12th largest holding. Summit Wealth Group LLC Co. owned 0.12% of Invesco S&P 500 Quality ETF worth $22,865,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SPHQ. Cliftonlarsonallen Wealth Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $649,488,000. Envestnet Asset Management Inc. lifted its stake in 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 valued at $606,532,000 after acquiring an additional 4,733,411 shares during the period. Vantagepoint Investment Advisers LLC acquired a new stake in Invesco S&P 500 Quality ETF during the 3rd quarter valued at approximately $269,341,000. Demars Financial Group LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 5.8% in the 3rd quarter. Demars Financial Group LLC now owns 776,231 shares of the company’s stock valued at $65,265,000 after acquiring an additional 42,593 shares during the last quarter. Finally, Compass Ion Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at $65,102,000.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA:SPHQ opened at $83.14 on Tuesday. The firm has a market capitalization of $18.55 billion, a P/E ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 1-year low of $71.57 and a 1-year high of $90.36. The company’s fifty day moving average price is $84.64 and its 200-day moving average price is $82.71.

Invesco S&P 500 Quality ETF Company 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.