Park Avenue Securities LLC Cuts Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Park Avenue Securities LLC decreased its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 23.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,177 shares of the company’s stock after selling 15,098 shares during the period. Park Avenue Securities LLC’s holdings in Invesco S&P 500 Quality ETF were worth $3,241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SPHQ. Envestnet Asset Management Inc. raised its position in Invesco S&P 500 Quality ETF by 1,479.5% during 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. Cliftonlarsonallen Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Quality ETF by 89.3% during the 1st quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 6,615,038 shares of the company’s stock worth $399,681,000 after purchasing an additional 3,121,091 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Invesco S&P 500 Quality ETF by 20.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,978,220 shares of the company’s stock valued at $421,624,000 after buying an additional 1,183,904 shares in the last quarter. LPL Financial LLC boosted its holdings in Invesco S&P 500 Quality ETF by 12.2% in the 2nd quarter. LPL Financial LLC now owns 7,602,027 shares of the company’s stock worth $483,033,000 after buying an additional 825,232 shares during the last quarter. Finally, Vigilare Wealth Management boosted its holdings in Invesco S&P 500 Quality ETF by 2,233.5% in the 2nd quarter. Vigilare Wealth Management now owns 606,428 shares of the company’s stock worth $38,532,000 after buying an additional 580,440 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $66.93 on Friday. The business has a 50 day simple moving average of $65.44 and a two-hundred day simple moving average of $62.99. The stock has a market capitalization of $10.00 billion, a P/E ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 12 month low of $47.72 and a 12 month high of $67.54.

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.