Stratos Wealth Partners LTD. has significantly reduced its investment in the Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ), cutting its position by an impressive 90.2% during the third quarter of 2023. The firm reported holding only 9,622 shares after selling 88,467 shares throughout the quarter, according to its latest filing with the Securities and Exchange Commission.
As of the most recent filing, Stratos Wealth Partners’ holdings in this ETF were valued at approximately $324,000. This adjustment reflects a broader trend among large investors, many of whom have been actively modifying their stakes in the fund.
Other notable adjustments include a new investment by Thrivent Financial for Lutherans, which acquired a stake valued at $29.74 million in the same quarter. Additionally, Well Done LLC increased its position by 49.3%, now owning 184,197 shares worth about $6.2 million after purchasing an additional 60,787 shares.
Furthermore, Northwestern Mutual Wealth Management Co. raised its stake by 7.6% in the second quarter, bringing its total to 802,732 shares valued at $26.47 million. Bank of America Corp DE also boosted its holdings by 95.4%, now possessing 83,083 shares worth $2.74 million, following an acquisition of 40,557 shares. Lastly, JPMorgan Chase & Co. increased its stake by 149.4%, now owning 63,728 shares valued at $2.1 million.
Current Market Position of Invesco S&P ETF
As of the latest trading session, the Invesco S&P International Developed Quality ETF opened at $38.61, representing a decrease of 0.8%. The fund has a 50-day moving average of $36.80 and a 200-day moving average of $34.85. The market capitalization stands at approximately $656.37 million, with a price-to-earnings ratio of 19.13 and a beta of 0.92. Over the past year, the ETF has seen a low of $26.61 and a high of $39.11.
The Invesco S&P International Developed Quality ETF aims to track the performance of the S&P BMI International Developed High Quality Rankings Index. This fund focuses on investing at least 90% of its total assets in companies identified by the Index as high-quality stocks, based on historical performance in earnings and dividends.
Investors interested in the Invesco S&P International Developed Quality ETF can monitor further developments and changes in holdings through platforms like HoldingsChannel.com, which provides up-to-date 13F filings and insider trades. Additionally, MarketBeat.com offers a daily summary of news and analyst ratings related to the ETF and comparable investment opportunities.
