Sequoia Financial Advisors LLC Reduces Stock Holdings in Invesco S&P 500 Quality ETF $SPHQ

Sequoia Financial Advisors LLC lessened its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 548,918 shares of the company’s stock after selling 12,828 shares during the period. Sequoia Financial Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $41,273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ausdal Financial Partners Inc. increased its position in Invesco S&P 500 Quality ETF by 187.2% in the third quarter. Ausdal Financial Partners Inc. now owns 41,424 shares of the company’s stock worth $3,036,000 after buying an additional 27,003 shares in the last quarter. Demars Financial Group LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 4.6% during the 4th quarter. Demars Financial Group LLC now owns 639,632 shares of the company’s stock valued at $48,004,000 after buying an additional 28,275 shares in the last quarter. Alpine Bank Wealth Management grew its stake in shares of Invesco S&P 500 Quality ETF by 1.3% during the 4th quarter. Alpine Bank Wealth Management now owns 555,050 shares of the company’s stock valued at $41,657,000 after acquiring an additional 7,296 shares during the period. Capital Advisors Ltd. LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 44.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 42,599 shares of the company’s stock valued at $3,197,000 after acquiring an additional 13,025 shares during the period. Finally, Sherman Wealth Management LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $1,003,000.

Invesco S&P 500 Quality ETF Stock Up 0.4%

NYSEARCA:SPHQ traded up $0.36 during trading hours on Friday, hitting $88.12. 1,393,921 shares of the stock traded hands, compared to its average volume of 1,765,440. The company has a market cap of $20.03 billion, a price-to-earnings ratio of 25.36 and a beta of 0.90. Invesco S&P 500 Quality ETF has a 1 year low of $70.26 and a 1 year high of $90.36. The stock has a 50 day moving average price of $85.78 and a 200 day moving average price of $80.61.

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.