Sagace Wealth Management LLC Reduces Stock Holdings in Invesco S&P 500 Quality ETF $SPHQ

Sagace Wealth Management LLC trimmed its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 20.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 30,223 shares of the company’s stock after selling 7,801 shares during the period. Invesco S&P 500 Quality ETF comprises about 1.6% of Sagace Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position. Sagace Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $2,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its position 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 worth $265,000 after purchasing an additional 151 shares during the last quarter. Gateway Wealth Partners LLC boosted its position in Invesco S&P 500 Quality ETF by 2.8% in the first quarter. Gateway Wealth Partners LLC now owns 5,551 shares of the company’s stock worth $368,000 after purchasing an additional 152 shares during the last quarter. Trek Financial LLC boosted its position in Invesco S&P 500 Quality ETF by 3.1% in the first quarter. Trek Financial LLC now owns 5,677 shares of the company’s stock worth $377,000 after purchasing an additional 169 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Invesco S&P 500 Quality ETF by 2.5% in the first quarter. Sequoia Financial Advisors LLC now owns 8,463 shares of the company’s stock worth $561,000 after purchasing an additional 204 shares during the last quarter. Finally, Hartford Financial Management Inc. lifted its position in shares of Invesco S&P 500 Quality ETF by 0.3% during the 1st quarter. Hartford Financial Management Inc. now owns 73,385 shares of the company’s stock valued at $4,868,000 after buying an additional 216 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Up 0.7%

SPHQ stock opened at $73.51 on Wednesday. Invesco S&P 500 Quality ETF has a twelve month low of $57.67 and a twelve month high of $74.45. The stock has a market cap of $15.06 billion, a P/E ratio of 25.36 and a beta of 0.94. The business’s 50-day moving average price is $72.68 and its 200-day moving average price is $70.02.

Invesco S&P 500 Quality ETF 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.