Intelligence Driven Advisers LLC Sells 7,644 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Intelligence Driven Advisers LLC trimmed its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 28.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,260 shares of the company’s stock after selling 7,644 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,291,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Invesco S&P 500 Quality ETF by 5.1% during the 3rd 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 boosted its position in shares of Invesco S&P 500 Quality ETF by 1.9% in the third quarter. LPL Financial LLC now owns 7,743,714 shares of the company’s stock valued at $520,920,000 after acquiring an additional 141,687 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its stake in Invesco S&P 500 Quality ETF by 5.4% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock valued at $514,378,000 after acquiring an additional 393,229 shares in the last quarter. FMR LLC increased its holdings in Invesco S&P 500 Quality ETF by 4.5% during the 3rd quarter. FMR LLC now owns 4,263,355 shares of the company’s stock worth $286,796,000 after acquiring an additional 184,895 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its stake in Invesco S&P 500 Quality ETF by 10.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 2,093,687 shares of the company’s stock worth $140,888,000 after purchasing an additional 197,353 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA:SPHQ opened at $70.41 on Thursday. The firm has a fifty day moving average price of $68.56 and a two-hundred day moving average price of $67.20. The company has a market cap of $10.52 billion, a price-to-earnings 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.

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.