Institute for Wealth Management LLC. Has $1.55 Million Stock Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Institute for Wealth Management LLC. decreased its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 28,719 shares of the company’s stock after selling 640 shares during the period. Institute for Wealth Management LLC.’s holdings in Invesco S&P 500 Quality ETF were worth $1,553,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. bought a new stake in Invesco S&P 500 Quality ETF during the first quarter worth approximately $25,000. Wolff Wiese Magana LLC raised its holdings in Invesco S&P 500 Quality ETF by 105.8% in the 3rd quarter. Wolff Wiese Magana LLC now owns 566 shares of the company’s stock worth $28,000 after acquiring an additional 291 shares during the period. Tower Research Capital LLC TRC lifted its position in Invesco S&P 500 Quality ETF by 85.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 566 shares of the company’s stock worth $29,000 after acquiring an additional 260 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Invesco S&P 500 Quality ETF by 149.6% during the fourth quarter. Sound Income Strategies LLC now owns 579 shares of the company’s stock valued at $31,000 after acquiring an additional 347 shares during the period. Finally, GPS Wealth Strategies Group LLC grew its position in shares of Invesco S&P 500 Quality ETF by 275.6% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 661 shares of the company’s stock valued at $36,000 after purchasing an additional 485 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA SPHQ traded down $0.79 during trading hours on Friday, hitting $57.21. 1,067,448 shares of the company’s stock were exchanged, compared to its average volume of 1,050,530. The company’s 50-day moving average price is $59.06 and its 200-day moving average price is $54.84. Invesco S&P 500 Quality ETF has a 1-year low of $46.71 and a 1-year high of $60.77. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 21.97 and a beta of 0.96.

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.