LPL Financial LLC Sells 1,195,544 Shares of Invesco S&P 500 Quality ETF $SPHQ

LPL Financial LLC reduced its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 9.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,917,365 shares of the company’s stock after selling 1,195,544 shares during the quarter. LPL Financial LLC owned approximately 0.06% of Invesco S&P 500 Quality ETF worth $894,398,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at approximately $33,000. Ancora Advisors LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at approximately $35,000. Burkett Financial Services LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at approximately $37,000. Finally, Dunhill Financial LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 10,060.0% in the 3rd quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock valued at $37,000 after buying an additional 503 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA SPHQ opened at $84.95 on Monday. The company has a market cap of $18.08 billion, a PE ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 12 month low of $68.89 and a 12 month high of $87.08. The stock has a 50 day moving average of $80.98 and a 200-day moving average of $78.32.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.