Stratos Wealth Partners LTD has significantly reduced its stake in the Invesco S&P International Developed Quality ETF (NYSEARCA:IDHQ), cutting its position by a staggering 90.2% during the third quarter of 2023. According to a recent 13F filing with the Securities and Exchange Commission, the firm now holds 9,622 shares after selling 88,467 shares during this period. The current value of Stratos Wealth Partners’ holdings in the ETF is approximately $324,000.
This adjustment comes as part of a broader trend among institutional investors, many of whom have altered their positions in the same fund. Notably, Thrivent Financial for Lutherans acquired a new stake in the Invesco ETF valued at $29,742,000 during the third quarter. Similarly, Well Done LLC increased its holdings by 49.3%, bringing its total to 184,197 shares worth around $6,198,000 after purchasing an additional 60,787 shares.
Investment activity did not stop there. Northwestern Mutual Wealth Management Co. raised its stake by 7.6% in the second quarter, now owning 802,732 shares valued at $26,474,000. Additionally, Bank of America Corp DE boosted its holdings by 95.4%, acquiring 40,557 shares to reach a total of 83,083 shares valued at $2,740,000. Lastly, JPMorgan Chase & Co. increased its stake by 149.4%, now holding 63,728 shares worth approximately $2,102,000.
Current Market Performance
As of the latest trading session, the Invesco S&P International Developed Quality ETF opened at $38.61, reflecting a decrease of 0.8%. The ETF maintains a 50-day moving average of $36.80 and a 200-day moving average of $34.85. The total market capitalization for the fund stands at $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 experienced a 52-week low of $26.61 and a 52-week high of $39.11.
The Invesco S&P International Developed Quality ETF aims to provide exposure to high-quality international stocks, based on historical performance metrics such as earnings and dividends. The fund primarily invests at least 90% of its total assets in securities identified by the S&P BMI International Developed High Quality Rankings Index, which is monitored by S&P Financial Services LLC.
Investors keen on tracking further developments in the ETF market can stay updated on the latest filings and insider trades related to the Invesco S&P International Developed Quality ETF through reliable financial news outlets.
