Opes Wealth Management LLC Has $8.02 Million Stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Opes Wealth Management LLC decreased its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 148,285 shares of the company’s stock after selling 4,103 shares during the quarter. Invesco S&P 500 Quality ETF accounts for about 1.9% of Opes Wealth Management LLC’s portfolio, making the stock its 12th largest position. Opes Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $8,019,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new position in Invesco S&P 500 Quality ETF in the first quarter valued at about $25,000. Wolff Wiese Magana LLC lifted its stake in Invesco S&P 500 Quality ETF by 105.8% in the third quarter. Wolff Wiese Magana LLC now owns 566 shares of the company’s stock valued at $28,000 after buying an additional 291 shares during the period. Tower Research Capital LLC TRC lifted its stake in Invesco S&P 500 Quality ETF by 85.0% in the second quarter. Tower Research Capital LLC TRC now owns 566 shares of the company’s stock valued at $29,000 after buying an additional 260 shares during the period. Armstrong Advisory Group Inc. lifted its stake in Invesco S&P 500 Quality ETF by 771.8% in the third quarter. Armstrong Advisory Group Inc. now owns 619 shares of the company’s stock valued at $31,000 after buying an additional 548 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in Invesco S&P 500 Quality ETF by 149.6% in the fourth quarter. Sound Income Strategies LLC now owns 579 shares of the company’s stock valued at $31,000 after buying an additional 347 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA:SPHQ traded down $0.19 during mid-day trading on Thursday, hitting $58.00. The company had a trading volume of 1,109,849 shares, compared to its average volume of 1,051,112. The firm has a market cap of $8.41 billion, a P/E ratio of 21.97 and a beta of 0.96. The business’s fifty day moving average is $59.06 and its two-hundred day moving average is $54.84. Invesco S&P 500 Quality ETF has a fifty-two week low of $46.71 and a fifty-two week high of $60.77.

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.