1900 Wealth Management LLC Reduces Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

1900 Wealth Management LLC lowered its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,394 shares of the company’s stock after selling 235 shares during the period. 1900 Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $429,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Argus Investors Counsel Inc. purchased a new stake in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at $433,000. Trilogy Capital Inc. raised its stake in Invesco S&P 500 Quality ETF by 3.3% in the 4th quarter. Trilogy Capital Inc. now owns 1,032,735 shares of the company’s stock valued at $69,224,000 after purchasing an additional 32,711 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 47.4% during the 4th quarter. Onyx Bridge Wealth Group LLC now owns 44,627 shares of the company’s stock worth $2,991,000 after purchasing an additional 14,355 shares during the last quarter. Foguth Wealth Management LLC. purchased a new stake in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth about $356,000. Finally, Money Concepts Capital Corp raised its position in shares of Invesco S&P 500 Quality ETF by 7.3% in the fourth quarter. Money Concepts Capital Corp now owns 34,109 shares of the company’s stock valued at $2,286,000 after buying an additional 2,316 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ stock opened at $70.30 on Friday. The company has a 50 day moving average price of $68.48 and a two-hundred day moving average price of $66.99. The stock has a market capitalization of $10.51 billion, a P/E ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a one year low of $56.56 and a one year high of $70.69.

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.