HM Payson & Co. Has $1.60 Million Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

HM Payson & Co. lowered its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,458 shares of the company’s stock after selling 821 shares during the quarter. HM Payson & Co.’s holdings in Invesco S&P 500 Quality ETF were worth $1,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPHQ. Woodmont Investment Counsel LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the first quarter worth $25,000. Glassman Wealth Services raised its stake in Invesco S&P 500 Quality ETF by 121.7% in the fourth quarter. Glassman Wealth Services now owns 510 shares of the company’s stock valued at $28,000 after purchasing an additional 280 shares in the last quarter. Pineridge Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF in the first quarter valued at about $47,000. Sound Income Strategies LLC raised its stake in Invesco S&P 500 Quality ETF by 58.0% in the first quarter. Sound Income Strategies LLC now owns 915 shares of the company’s stock valued at $55,000 after purchasing an additional 336 shares in the last quarter. Finally, Mitchell Sinkler & Starr PA acquired a new position in Invesco S&P 500 Quality ETF in the first quarter valued at about $60,000.

Invesco S&P 500 Quality ETF Trading Down 1.1 %

NYSEARCA SPHQ traded down $0.71 during trading on Friday, hitting $62.94. 1,689,555 shares of the company’s stock were exchanged, compared to its average volume of 964,346. The company has a market cap of $9.41 billion, a PE ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a fifty-two week low of $47.72 and a fifty-two week high of $65.57. The stock’s 50 day moving average price is $63.69 and its two-hundred day moving average price is $60.45.

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.