Avidian Wealth Enterprises LLC Cuts Stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Avidian Wealth Enterprises LLC reduced its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 28.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,065 shares of the company’s stock after selling 3,542 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Invesco S&P 500 Quality ETF were worth $610,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in Invesco S&P 500 Quality ETF by 1,479.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,655,241 shares of the company’s stock worth $804,114,000 after buying an additional 11,854,003 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Invesco S&P 500 Quality ETF by 5.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock worth $527,025,000 after buying an additional 376,770 shares during the period. LPL Financial LLC increased its position in shares of Invesco S&P 500 Quality ETF by 12.2% in the 2nd quarter. LPL Financial LLC now owns 7,602,027 shares of the company’s stock valued at $483,033,000 after purchasing an additional 825,232 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Quality ETF by 3.7% in the 3rd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,280,618 shares of the company’s stock valued at $489,767,000 after purchasing an additional 260,719 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Invesco S&P 500 Quality ETF by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,794,452 shares of the company’s stock valued at $114,019,000 after purchasing an additional 94,748 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Up 1.9 %

Shares of NYSEARCA:SPHQ opened at $67.88 on Thursday. Invesco S&P 500 Quality ETF has a 52 week low of $50.06 and a 52 week high of $68.38. The company’s 50 day moving average is $66.71 and its two-hundred day moving average is $64.17. The company has a market cap of $10.14 billion, a PE ratio of 22.60 and a beta of 0.98.

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.