Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) is Milestone Investment Advisors LLC’s Largest Position

Milestone Investment Advisors LLC decreased its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 14.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 523,245 shares of the company’s stock after selling 86,123 shares during the period. Invesco S&P 500 Quality ETF comprises approximately 9.9% of Milestone Investment Advisors LLC’s holdings, making the stock its largest position. Milestone Investment Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $35,199,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SPHQ. Wealthspire Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF during the 1st quarter valued at $211,000. Clarius Group LLC lifted its stake in Invesco S&P 500 Quality ETF by 18.7% in the third quarter. Clarius Group LLC now owns 4,753 shares of the company’s stock worth $320,000 after acquiring an additional 750 shares during the period. Sanctuary Advisors LLC bought a new position in Invesco S&P 500 Quality ETF during the 2nd quarter worth about $796,000. ACT Advisors LLC. increased its position in Invesco S&P 500 Quality ETF by 2.3% during the 3rd quarter. ACT Advisors LLC. now owns 286,908 shares of the company’s stock valued at $19,300,000 after purchasing an additional 6,397 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 34.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 13,470 shares of the company’s stock valued at $856,000 after purchasing an additional 3,470 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ opened at $66.60 on Wednesday. The stock has a market capitalization of $9.95 billion, a PE ratio of 22.60 and a beta of 0.98. The company has a 50 day moving average price of $66.67 and a 200-day moving average price of $64.14. Invesco S&P 500 Quality ETF has a fifty-two week low of $50.06 and a fifty-two week high of $68.38.

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.