Fifth Third Bancorp Trims Stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Fifth Third Bancorp lessened its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 0.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,332,764 shares of the company’s stock after selling 23,988 shares during the period. Invesco S&P 500 Quality ETF comprises approximately 1.1% of Fifth Third Bancorp’s investment portfolio, making the stock its 18th largest holding. Fifth Third Bancorp owned 2.90% of Invesco S&P 500 Quality ETF worth $290,425,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in Invesco S&P 500 Quality ETF by 5.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock valued at $527,025,000 after purchasing an additional 376,770 shares in the last quarter. LPL Financial LLC increased its stake in Invesco S&P 500 Quality ETF by 1.9% during the 3rd quarter. LPL Financial LLC now owns 7,743,714 shares of the company’s stock worth $520,920,000 after buying an additional 141,687 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 fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock valued at $514,378,000 after acquiring an additional 393,229 shares in the last quarter. FMR LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 4.5% in the third quarter. FMR LLC now owns 4,263,355 shares of the company’s stock worth $286,796,000 after acquiring an additional 184,895 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in Invesco S&P 500 Quality ETF by 10.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 2,093,687 shares of the company’s stock valued at $140,888,000 after purchasing an additional 197,353 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Down 0.4 %

Shares of SPHQ opened at $69.41 on Friday. The firm’s fifty day moving average is $68.17 and its two-hundred day moving average is $66.66. The stock has a market cap of $10.37 billion, a PE ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 52-week low of $55.67 and a 52-week high of $69.97.

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.