Invesco S&P 500 Quality ETF $SPHQ Stock: Convergence Financial LLC Lowers Holdings

Convergence Financial LLC lowered its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 96.7% in the third quarter, HoldingsChannel.com reports. The firm owned 3,673 shares of the company’s stock after selling 109,081 shares during the quarter. Convergence Financial LLC’s holdings in Invesco S&P 500 Quality ETF were worth $309,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SPHQ. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in Invesco S&P 500 Quality ETF in the third quarter valued at $649,488,000. Envestnet Asset Management Inc. lifted its holdings in Invesco S&P 500 Quality ETF by 236.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock worth $606,532,000 after buying an additional 4,733,411 shares during the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in Invesco S&P 500 Quality ETF during the 3rd quarter worth about $269,341,000. Demars Financial Group LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 5.8% during the 3rd quarter. Demars Financial Group LLC now owns 776,231 shares of the company’s stock worth $65,265,000 after acquiring an additional 42,593 shares in the last quarter. Finally, Compass Ion Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth about $65,102,000.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA:SPHQ opened at $84.83 on Friday. Invesco S&P 500 Quality ETF has a 1 year low of $71.57 and a 1 year high of $90.36. The stock has a market cap of $18.94 billion, a P/E ratio of 25.36 and a beta of 0.91. The stock has a 50-day simple moving average of $84.74 and a 200-day simple moving average of $82.66.

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.