Sequoia Financial Advisors LLC Sells 80,524 Shares of Invesco S&P 500 Quality ETF $SPHQ

Sequoia Financial Advisors LLC reduced its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 14.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 468,394 shares of the company’s stock after selling 80,524 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $42,202,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in Invesco S&P 500 Quality ETF by 68.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after purchasing an additional 3,741,699 shares during the period. Raymond James Financial Inc. raised its position in Invesco S&P 500 Quality ETF by 61.2% during the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock valued at $275,733,000 after purchasing an additional 1,469,187 shares during the last quarter. Independence Asset Advisors LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 1st quarter worth approximately $73,856,000. Alvarez & Marsal Private Wealth Partners LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $58,114,000. Finally, Rockefeller Capital Management L.P. lifted its holdings in Invesco S&P 500 Quality ETF by 440.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 657,603 shares of the company’s stock worth $49,353,000 after buying an additional 535,929 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $84.43 on Thursday. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36. The firm has a market cap of $19.39 billion, a P/E ratio of 25.36 and a beta of 0.91. The business’s 50 day moving average price is $85.96 and its 200-day moving average price is $83.10.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.