Costco’s 30.3% ROE Earns Top Slot, Assetmark Sells 1,963 Shares
Costco posted a 30.3% return on equity, securing a top-five slot in the Invesco S&P 500 Quality ETF that returned 93.7% over five years. Assetmark Inc. trimmed its position by 3.5%, selling 1,963 shares to retain 54,058 shares in the latest quarter.
1. SPHQ Quality ETF Inclusion
Costco’s membership-driven retail model generates stable cash flows and delivered a 30.3% return on equity, securing a top-five position in the Invesco S&P 500 Quality ETF. This fund’s five-year performance of 93.7% underscores the appeal of companies with consistent profitability and strong financial metrics.
2. Assetmark Stake Reduction
Assetmark Inc. trimmed its stake in Costco by 3.5% in the most recent quarter, selling 1,963 shares and leaving a holding of 54,058 shares. This adjustment reflects a modest shift in the institutional investor’s exposure to the retailer without signaling a major change in conviction.