Cedar Mountain Advisors LLC Decreases Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Cedar Mountain Advisors LLC trimmed its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,576 shares of the company’s stock after selling 4,424 shares during the quarter. Invesco S&P 500 Quality ETF makes up 2.4% of Cedar Mountain Advisors LLC’s holdings, making the stock its 11th biggest position. Cedar Mountain Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $11,032,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPHQ. Assetmark Inc. raised its stake in Invesco S&P 500 Quality ETF by 43,723.2% in the 3rd quarter. Assetmark Inc. now owns 624,481 shares of the company’s stock valued at $42,009,000 after acquiring an additional 623,056 shares during the period. Silver Lake Advisory LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the second quarter valued at approximately $35,759,000. Mainstay Capital Management LLC ADV lifted its stake in shares of Invesco S&P 500 Quality ETF by 51.2% during the 3rd quarter. Mainstay Capital Management LLC ADV now owns 1,453,755 shares of the company’s stock valued at $97,794,000 after buying an additional 492,561 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC boosted its holdings in Invesco S&P 500 Quality ETF by 5.4% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock worth $514,378,000 after buying an additional 393,229 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Invesco S&P 500 Quality ETF by 5.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock valued at $527,025,000 after buying an additional 376,770 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ stock opened at $69.41 on Friday. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. The company’s fifty day simple moving average is $68.17 and its two-hundred day simple moving average is $66.66. Invesco S&P 500 Quality ETF has a 1 year low of $55.67 and a 1 year high of $69.97.

About Invesco S&P 500 Quality ETF

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.