Envestnet Portfolio Solutions Inc. Lowers Position in Invesco S&P 500 Quality ETF $SPHQ

Envestnet Portfolio Solutions Inc. lowered its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 55.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,691 shares of the company’s stock after selling 6,988 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ausdal Financial Partners Inc. raised its holdings in shares of Invesco S&P 500 Quality ETF by 187.2% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 41,424 shares of the company’s stock valued at $3,036,000 after buying an additional 27,003 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 235.2% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 10,107 shares of the company’s stock valued at $742,000 after buying an additional 7,092 shares in the last quarter. Alpine Bank Wealth Management raised its holdings in shares of Invesco S&P 500 Quality ETF by 1.3% during the 4th quarter. Alpine Bank Wealth Management now owns 555,050 shares of the company’s stock valued at $41,657,000 after buying an additional 7,296 shares in the last quarter. Demars Financial Group LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 4.6% during the 4th quarter. Demars Financial Group LLC now owns 639,632 shares of the company’s stock valued at $48,004,000 after buying an additional 28,275 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 44.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 42,599 shares of the company’s stock valued at $3,197,000 after buying an additional 13,025 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.1%

Shares of NYSEARCA SPHQ opened at $85.51 on Thursday. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 1-year low of $68.89 and a 1-year high of $85.93. The stock’s 50-day moving average is $79.63 and its 200 day moving average is $77.72.

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.