SteelPeak Wealth LLC Cuts Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

SteelPeak Wealth LLC cut its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 27.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,203 shares of the company’s stock after selling 6,814 shares during the quarter. SteelPeak Wealth LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jackson Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 0.3% during the third quarter. Jackson Wealth Management LLC now owns 96,885 shares of the company’s stock worth $4,848,000 after purchasing an additional 243 shares during the period. Fidelity D & D Bancorp Inc. purchased a new stake in Invesco S&P 500 Quality ETF in the third quarter worth about $2,977,000. Cozad Asset Management Inc. lifted its holdings in Invesco S&P 500 Quality ETF by 0.7% in the fourth quarter. Cozad Asset Management Inc. now owns 206,658 shares of the company’s stock worth $11,176,000 after buying an additional 1,341 shares during the period. Fiduciary Alliance LLC boosted its position in Invesco S&P 500 Quality ETF by 3.1% during the 1st quarter. Fiduciary Alliance LLC now owns 23,511 shares of the company’s stock valued at $1,420,000 after acquiring an additional 707 shares in the last quarter. Finally, Lincoln National Corp raised its position in shares of Invesco S&P 500 Quality ETF by 1.8% in the 4th quarter. Lincoln National Corp now owns 88,257 shares of the company’s stock worth $4,773,000 after acquiring an additional 1,598 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.4 %

SPHQ opened at $63.54 on Monday. Invesco S&P 500 Quality ETF has a 12-month low of $47.72 and a 12-month high of $65.57. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. The stock has a fifty day simple moving average of $61.55 and a two-hundred day simple moving average of $58.70.

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.