Kovack Advisors Inc. Sells 650 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Kovack Advisors Inc. cut its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,649 shares of the company’s stock after selling 650 shares during the period. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of SPHQ. First Command Advisory Services Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 7.8% in the 3rd quarter. First Command Advisory Services Inc. now owns 13,822,335 shares of the company’s stock valued at $691,620,000 after buying an additional 1,002,069 shares in the last quarter. LPL Financial LLC increased its position in shares of Invesco S&P 500 Quality ETF by 10.4% during the 3rd quarter. LPL Financial LLC now owns 5,552,952 shares of the company’s stock worth $277,870,000 after purchasing an additional 524,331 shares in the last quarter. FMR LLC increased its position in shares of Invesco S&P 500 Quality ETF by 0.6% during the 3rd quarter. FMR LLC now owns 4,100,644 shares of the company’s stock worth $205,196,000 after purchasing an additional 22,558 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Quality ETF by 5.4% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 3,493,947 shares of the company’s stock worth $188,953,000 after purchasing an additional 178,554 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth about $143,042,000.

Invesco S&P 500 Quality ETF Trading Up 1.4 %

Shares of Invesco S&P 500 Quality ETF stock traded up $0.83 during mid-day trading on Friday, reaching $59.38. 1,397,807 shares of the stock were exchanged, compared to its average volume of 1,050,819. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 21.97 and a beta of 0.96. The firm has a 50-day simple moving average of $59.14 and a 200 day simple moving average of $55.13. Invesco S&P 500 Quality ETF has a fifty-two week low of $46.73 and a fifty-two week high of $60.77.

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.