Concord Wealth Partners Has $7.83 Million Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Concord Wealth Partners trimmed its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,858 shares of the company’s stock after selling 461 shares during the quarter. Invesco S&P 500 Quality ETF accounts for 1.3% of Concord Wealth Partners’ portfolio, making the stock its 20th largest holding. Concord Wealth Partners owned approximately 0.08% of Invesco S&P 500 Quality ETF worth $7,833,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. grew its position 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 worth $42,009,000 after purchasing an additional 623,056 shares during the last quarter. Mainstay Capital Management LLC ADV grew its position in Invesco S&P 500 Quality ETF by 51.2% during the third quarter. Mainstay Capital Management LLC ADV now owns 1,453,755 shares of the company’s stock worth $97,794,000 after buying an additional 492,561 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its position in shares of 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 acquiring an additional 393,229 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 purchasing an additional 376,770 shares in the last quarter. Finally, Wealth Management Resources Inc. increased its position in shares of Invesco S&P 500 Quality ETF by 132.6% during the fourth quarter. Wealth Management Resources Inc. now owns 502,362 shares of the company’s stock valued at $33,673,000 after purchasing an additional 286,391 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ stock opened at $69.76 on Friday. The stock has a market cap of $10.43 billion, a P/E ratio of 22.60 and a beta of 0.98. The stock has a fifty day moving average price of $68.38 and a 200 day moving average price of $66.84. Invesco S&P 500 Quality ETF has a one year low of $55.67 and a one year high of $70.69.

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.