SouthState Bank Corp reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 20.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 158,929 shares of the company’s stock after selling 40,015 shares during the period. SouthState Bank Corp’s holdings in Invesco S&P 500 Quality ETF were worth $11,928,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. MTM Investment Management LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at about $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Invesco S&P 500 Quality ETF during the fourth quarter worth about $33,000. Ancora Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF during the third quarter worth about $35,000. Dunhill Financial LLC grew its holdings in Invesco S&P 500 Quality ETF by 10,060.0% during the third quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 503 shares during the period. Finally, Burkett Financial Services LLC acquired a new position in Invesco S&P 500 Quality ETF during the third quarter worth about $37,000.
Invesco S&P 500 Quality ETF Stock Down 2.2%
NYSEARCA:SPHQ opened at $84.95 on Friday. The business’s 50-day moving average price is $80.98 and its 200 day moving average price is $78.28. The firm has a market cap of $18.08 billion, a P/E ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 52-week low of $68.89 and a 52-week 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.
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Want to see what other hedge funds are holding SPHQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report).
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