MOR Wealth Management LLC Has $18.47 Million Stock Position in Invesco S&P 500 Quality ETF $SPHQ

MOR Wealth Management LLC trimmed its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 5.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 205,024 shares of the company’s stock after selling 12,842 shares during the period. Invesco S&P 500 Quality ETF accounts for approximately 7.4% of MOR Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. MOR Wealth Management LLC owned approximately 0.09% of Invesco S&P 500 Quality ETF worth $18,473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPHQ. Brighton Jones LLC lifted its stake in Invesco S&P 500 Quality ETF by 4.0% in the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after acquiring an additional 151 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 51.2% during the 1st quarter. AQR Capital Management LLC now owns 5,854 shares of the company’s stock worth $388,000 after purchasing an additional 1,983 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the 1st quarter worth about $875,000. Jane Street Group LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 29.2% in the 1st quarter. Jane Street Group LLC now owns 9,937 shares of the company’s stock valued at $659,000 after purchasing an additional 2,248 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Invesco S&P 500 Quality ETF by 53.5% in the 2nd quarter. Invesco Ltd. now owns 115,321 shares of the company’s stock valued at $8,218,000 after purchasing an additional 40,210 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA:SPHQ opened at $85.32 on Friday. Invesco S&P 500 Quality ETF has a 52-week low of $71.57 and a 52-week high of $90.36. The company has a market capitalization of $19.60 billion, a P/E ratio of 25.36 and a beta of 0.91. The company has a 50-day simple moving average of $86.22 and a 200 day simple moving average of $82.96.

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.