Financial Counselors Inc. Reduces Stock Holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Financial Counselors Inc. reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 19.0% during the third quarter, Holdings Channel reports. The firm owned 5,345 shares of the company’s stock after selling 1,250 shares during the quarter. Financial Counselors Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $360,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clarius Group LLC grew its stake in Invesco S&P 500 Quality ETF by 18.7% in the third quarter. Clarius Group LLC now owns 4,753 shares of the company’s stock worth $320,000 after purchasing an additional 750 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the 2nd quarter valued at $796,000. ACT Advisors LLC. grew its position in shares of Invesco S&P 500 Quality ETF by 2.3% in the 3rd quarter. ACT Advisors LLC. now owns 286,908 shares of the company’s stock worth $19,300,000 after buying an additional 6,397 shares during the period. Kingswood Wealth Advisors LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 34.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 13,470 shares of the company’s stock worth $856,000 after acquiring an additional 3,470 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Invesco S&P 500 Quality ETF during the 3rd quarter valued at about $239,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA SPHQ opened at $69.07 on Friday. The company has a 50 day simple moving average of $67.42 and a two-hundred day simple moving average of $65.21. Invesco S&P 500 Quality ETF has a fifty-two week low of $51.50 and a fifty-two week high of $69.17. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98.

Invesco S&P 500 Quality ETF Profile

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.