Private Trust Co. NA Lowers Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Private Trust Co. NA lowered its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 4.8% in the fourth quarter, HoldingsChannel reports. The fund owned 38,387 shares of the company’s stock after selling 1,955 shares during the quarter. Private Trust Co. NA’s holdings in Invesco S&P 500 Quality ETF were worth $2,573,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter worth approximately $43,000. Focus Financial Network Inc. grew its position in Invesco S&P 500 Quality ETF by 3.2% during the 3rd quarter. Focus Financial Network Inc. now owns 211,867 shares of the company’s stock worth $14,252,000 after purchasing an additional 6,650 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Invesco S&P 500 Quality ETF by 98.9% in the third quarter. Creative Financial Designs Inc. ADV now owns 248,305 shares of the company’s stock valued at $16,703,000 after acquiring an additional 123,483 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at about $2,417,000. Finally, Key Financial Inc boosted its holdings in Invesco S&P 500 Quality ETF by 2.9% during the third quarter. Key Financial Inc now owns 10,977 shares of the company’s stock worth $738,000 after buying an additional 306 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 1.2 %

Shares of SPHQ opened at $69.28 on Friday. The stock has a market cap of $11.72 billion, a P/E ratio of 29.27 and a beta of 0.94. The company has a 50-day moving average of $68.93 and a two-hundred day moving average of $67.74. Invesco S&P 500 Quality ETF has a 12-month low of $57.17 and a 12-month high of $71.22.

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.