Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) is Milestone Investment Advisors LLC’s Largest Position

Milestone Investment Advisors LLC trimmed its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 14.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 523,245 shares of the company’s stock after selling 86,123 shares during the quarter. Invesco S&P 500 Quality ETF makes up about 9.9% of Milestone Investment Advisors LLC’s investment portfolio, making the stock its largest holding. Milestone Investment Advisors LLC owned approximately 0.35% of Invesco S&P 500 Quality ETF worth $35,199,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 25.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,016 shares of the company’s stock worth $65,000 after acquiring an additional 208 shares during the period. SteelPeak Wealth LLC grew its holdings in Invesco S&P 500 Quality ETF by 1.2% during the 2nd quarter. SteelPeak Wealth LLC now owns 18,422 shares of the company’s stock valued at $1,171,000 after buying an additional 219 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Quality ETF by 1.4% during the third quarter. Stratos Wealth Advisors LLC now owns 16,077 shares of the company’s stock valued at $1,082,000 after buying an additional 225 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Invesco S&P 500 Quality ETF by 2.2% in the second quarter. Mercer Global Advisors Inc. ADV now owns 12,284 shares of the company’s stock worth $786,000 after buying an additional 266 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 5.4% during the third quarter. CWM LLC now owns 5,407 shares of the company’s stock worth $364,000 after acquiring an additional 275 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Up 1.1 %

Shares of SPHQ stock opened at $66.60 on Wednesday. The company’s fifty day simple moving average is $66.67 and its two-hundred day simple moving average is $64.14. Invesco S&P 500 Quality ETF has a 52 week low of $50.06 and a 52 week high of $68.38. The stock has a market cap of $9.95 billion, a P/E ratio of 22.60 and a beta of 0.98.

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.