Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Shares Sold by Financial Advocates Investment Management

Financial Advocates Investment Management reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 193,582 shares of the company’s stock after selling 3,329 shares during the period. Invesco S&P 500 Quality ETF makes up about 0.7% of Financial Advocates Investment Management’s holdings, making the stock its 25th largest position. Financial Advocates Investment Management owned about 0.13% of Invesco S&P 500 Quality ETF worth $13,066,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SPHQ. SYM FINANCIAL Corp acquired a new position in Invesco S&P 500 Quality ETF during the second quarter worth $28,000. Abich Financial Wealth Management LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $38,000. Blue Trust Inc. purchased a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at about $43,000. ORG Partners LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the second quarter valued at approximately $45,000. Finally, Pineridge Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the 1st quarter worth approximately $47,000.

Invesco S&P 500 Quality ETF Stock Down 0.3 %

Shares of NYSEARCA:SPHQ opened at $66.67 on Thursday. The company has a market capitalization of $9.96 billion, a P/E ratio of 22.60 and a beta of 0.98. The stock’s fifty day simple moving average is $66.64 and its 200-day simple moving average is $63.86. Invesco S&P 500 Quality ETF has a 52-week low of $48.22 and a 52-week high of $68.38.

About Invesco S&P 500 Quality ETF

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.