Schwallier Wealth Management LLC Reduces Stock Holdings in Invesco S&P 500 Quality ETF $SPHQ

Schwallier Wealth Management LLC lessened its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 376,496 shares of the company’s stock after selling 6,907 shares during the quarter. Invesco S&P 500 Quality ETF comprises 20.7% of Schwallier Wealth Management LLC’s portfolio, making the stock its largest position. Schwallier Wealth Management LLC owned approximately 0.18% of Invesco S&P 500 Quality ETF worth $28,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. boosted its position in shares of Invesco S&P 500 Quality ETF by 68.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock worth $658,846,000 after purchasing an additional 3,741,699 shares in the last quarter. Raymond James Financial Inc. increased its position in Invesco S&P 500 Quality ETF by 61.2% during the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock valued at $275,733,000 after buying an additional 1,469,187 shares in the last quarter. Independence Asset Advisors LLC bought a new position in Invesco S&P 500 Quality ETF during the 1st quarter valued at approximately $73,856,000. Alvarez & Marsal Private Wealth Partners LLC purchased a new position in Invesco S&P 500 Quality ETF during the fourth quarter valued at $58,114,000. Finally, Sequoia Financial Advisors LLC raised its stake in Invesco S&P 500 Quality ETF by 2,247.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock valued at $42,159,000 after buying an additional 537,812 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Down 1.1%

NYSEARCA SPHQ opened at $86.10 on Thursday. Invesco S&P 500 Quality ETF has a 12 month low of $70.26 and a 12 month high of $90.36. The stock has a market cap of $19.65 billion, a P/E ratio of 25.36 and a beta of 0.90. The stock’s fifty day moving average price is $86.07 and its 200-day moving average price is $80.87.

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