MADDEN SECURITIES Corp Reduces Position in Invesco S&P 500 Quality ETF $SPHQ

MADDEN SECURITIES Corp trimmed its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 49.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,284 shares of the company’s stock after selling 9,908 shares during the period. MADDEN SECURITIES Corp’s holdings in Invesco S&P 500 Quality ETF were worth $733,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SPHQ. Berkshire Money Management Inc. purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 2nd quarter valued at about $28,000. Highline Wealth Partners LLC bought a new position in Invesco S&P 500 Quality ETF during the first quarter valued at approximately $33,000. Independence Bank of Kentucky bought a new position in Invesco S&P 500 Quality ETF during the second quarter valued at approximately $33,000. Golden State Wealth Management LLC boosted its holdings in Invesco S&P 500 Quality ETF by 612.2% in the first quarter. Golden State Wealth Management LLC now owns 527 shares of the company’s stock worth $35,000 after purchasing an additional 453 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new stake in Invesco S&P 500 Quality ETF in the 1st quarter worth approximately $36,000.

Invesco S&P 500 Quality ETF Trading Up 0.1%

Shares of SPHQ opened at $74.00 on Tuesday. The firm has a fifty day simple moving average of $72.48 and a two-hundred day simple moving average of $69.77. The firm has a market cap of $15.18 billion, a PE ratio of 25.36 and a beta of 0.94. Invesco S&P 500 Quality ETF has a 1-year low of $57.67 and a 1-year high of $74.45.

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.