Schwallier Wealth Management LLC Has $29.95 Million Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Schwallier Wealth Management LLC raised its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 445,157 shares of the company’s stock after buying an additional 20,466 shares during the period. Invesco S&P 500 Quality ETF comprises about 21.4% of Schwallier Wealth Management LLC’s holdings, making the stock its largest position. Schwallier Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $29,946,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in shares of Invesco S&P 500 Quality ETF by 1,479.5% in the second quarter. Envestnet Asset Management Inc. now owns 12,655,241 shares of the company’s stock worth $804,114,000 after acquiring an additional 11,854,003 shares during the period. LPL Financial LLC lifted its position in Invesco S&P 500 Quality ETF by 12.2% in the second quarter. LPL Financial LLC now owns 7,602,027 shares of the company’s stock valued at $483,033,000 after purchasing an additional 825,232 shares during the last quarter. Assetmark Inc. boosted its position in Invesco S&P 500 Quality ETF by 43,723.2% during the 3rd quarter. Assetmark Inc. now owns 624,481 shares of the company’s stock valued at $42,009,000 after buying an additional 623,056 shares during the period. Vigilare Wealth Management boosted its holdings in shares of Invesco S&P 500 Quality ETF by 2,233.5% during the second quarter. Vigilare Wealth Management now owns 606,428 shares of the company’s stock worth $38,532,000 after purchasing an additional 580,440 shares during the period. Finally, Silver Lake Advisory LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 2nd quarter worth approximately $35,759,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA SPHQ opened at $67.36 on Tuesday. Invesco S&P 500 Quality ETF has a 1 year low of $51.50 and a 1 year high of $68.75. The stock has a market capitalization of $10.07 billion, a P/E ratio of 22.60 and a beta of 0.98. The company’s 50-day moving average is $67.10 and its 200 day moving average is $64.75.

Invesco S&P 500 Quality ETF Company 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.