Ruggaard & Associates LLC Has $10.99 Million Position in Invesco S&P 500 Quality ETF $SPHQ

Ruggaard & Associates LLC lowered its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 8.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 146,489 shares of the company’s stock after selling 13,383 shares during the period. Invesco S&P 500 Quality ETF comprises approximately 4.3% of Ruggaard & Associates LLC’s portfolio, making the stock its 9th biggest holding. Ruggaard & Associates LLC’s holdings in Invesco S&P 500 Quality ETF were worth $10,994,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Invesco S&P 500 Quality ETF by 4.5% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock worth $238,000 after purchasing an additional 136 shares in the last quarter. Compound Planning Inc. grew its holdings in Invesco S&P 500 Quality ETF by 1.0% during the 4th quarter. Compound Planning Inc. now owns 14,556 shares of the company’s stock valued at $1,092,000 after buying an additional 138 shares in the last quarter. Verum Partners LLC raised its position in shares of Invesco S&P 500 Quality ETF by 0.3% during the fourth quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock valued at $3,772,000 after buying an additional 141 shares during the last quarter. Latitude Advisors LLC raised its position in shares of Invesco S&P 500 Quality ETF by 3.0% during the fourth quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock valued at $379,000 after buying an additional 148 shares during the last quarter. Finally, Brighton Jones LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 4.0% in the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after buying an additional 151 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA:SPHQ opened at $89.36 on Friday. The firm has a fifty day moving average price of $83.11 and a 200 day moving average price of $79.19. Invesco S&P 500 Quality ETF has a fifty-two week low of $68.89 and a fifty-two week high of $89.94. The firm has a market cap of $19.02 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

About Invesco S&P 500 Quality ETF

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.