Verum Partners LLC Has $4.91 Million Stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Verum Partners LLC decreased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 25.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,255 shares of the company’s stock after selling 27,491 shares during the period. Invesco S&P 500 Quality ETF comprises 1.7% of Verum Partners LLC’s portfolio, making the stock its 13th biggest position. Verum Partners LLC owned about 0.06% of Invesco S&P 500 Quality ETF worth $4,909,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Kestra Advisory Services LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 12.9% in the third quarter. Kestra Advisory Services LLC now owns 4,562 shares of the company’s stock valued at $228,000 after purchasing an additional 520 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Invesco S&P 500 Quality ETF by 138.4% in the third quarter. Qube Research & Technologies Ltd now owns 81,160 shares of the company’s stock valued at $4,061,000 after purchasing an additional 47,110 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at approximately $781,000. Ameriprise Financial Inc. increased its holdings in shares of Invesco S&P 500 Quality ETF by 15.5% in the third quarter. Ameriprise Financial Inc. now owns 1,847,396 shares of the company’s stock valued at $92,469,000 after purchasing an additional 247,743 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 6.3% in the third quarter. Evergreen Capital Management LLC now owns 206,175 shares of the company’s stock valued at $10,317,000 after purchasing an additional 12,237 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Up 0.7 %

SPHQ stock traded up $0.46 during midday trading on Tuesday, reaching $63.96. The company’s stock had a trading volume of 950,710 shares, compared to its average volume of 970,759. Invesco S&P 500 Quality ETF has a 52 week low of $47.72 and a 52 week high of $65.57. The stock has a market cap of $9.56 billion, a PE ratio of 22.60 and a beta of 0.98. The business’s 50-day simple moving average is $61.77 and its 200-day simple moving average is $58.84.

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.