Foundations Investment Advisors LLC Sells 23,581 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Foundations Investment Advisors LLC lowered its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 51.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 22,466 shares of the company’s stock after selling 23,581 shares during the period. Foundations Investment Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,506,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Invesco S&P 500 Quality ETF by 5.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock valued at $527,025,000 after buying an additional 376,770 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 1.9% in the 3rd quarter. LPL Financial LLC now owns 7,743,714 shares of the company’s stock valued at $520,920,000 after purchasing an additional 141,687 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of Invesco S&P 500 Quality ETF by 5.4% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock worth $514,378,000 after buying an additional 393,229 shares during the period. FMR LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 4.5% during the third quarter. FMR LLC now owns 4,263,355 shares of the company’s stock valued at $286,796,000 after purchasing an additional 184,895 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its stake in Invesco S&P 500 Quality ETF by 10.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 2,093,687 shares of the company’s stock valued at $140,888,000 after acquiring an additional 197,353 shares during the period.

Invesco S&P 500 Quality ETF Trading Up 0.2 %

NYSEARCA SPHQ opened at $69.53 on Wednesday. The business has a fifty day simple moving average of $68.26 and a 200 day simple moving average of $66.76. Invesco S&P 500 Quality ETF has a 12 month low of $55.67 and a 12 month high of $69.97. The firm has a market capitalization of $10.39 billion, a P/E ratio of 22.60 and a beta of 0.98.

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.