Collaborative Wealth Managment Inc. Has $577,000 Stock Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Collaborative Wealth Managment Inc. trimmed its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,605 shares of the company’s stock after selling 1,033 shares during the quarter. Collaborative Wealth Managment Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $577,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Gateway Wealth Partners LLC increased its position in Invesco S&P 500 Quality ETF by 2.8% during the 4th quarter. Gateway Wealth Partners LLC now owns 5,399 shares of the company’s stock worth $362,000 after purchasing an additional 149 shares in the last quarter. Brighton Jones LLC increased its position in Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after purchasing an additional 151 shares in the last quarter. Lunt Capital Management Inc. increased its position in Invesco S&P 500 Quality ETF by 1.9% during the 4th quarter. Lunt Capital Management Inc. now owns 9,724 shares of the company’s stock worth $652,000 after purchasing an additional 182 shares in the last quarter. DAVENPORT & Co LLC increased its position in Invesco S&P 500 Quality ETF by 1.9% during the 4th quarter. DAVENPORT & Co LLC now owns 9,932 shares of the company’s stock worth $666,000 after purchasing an additional 188 shares in the last quarter. Finally, Alta Wealth Advisors LLC increased its position in Invesco S&P 500 Quality ETF by 2.0% in the 4th quarter. Alta Wealth Advisors LLC now owns 9,605 shares of the company’s stock valued at $644,000 after acquiring an additional 190 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA SPHQ opened at $66.39 on Friday. Invesco S&P 500 Quality ETF has a 52-week low of $57.17 and a 52-week high of $71.22. The firm has a 50 day moving average price of $68.96 and a two-hundred day moving average price of $67.96. The stock has a market cap of $11.48 billion, a P/E ratio of 27.16 and a beta of 0.93.

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.