Convergence Financial LLC Lowers Stock Position in Invesco S&P 500 Quality ETF $SPHQ

Convergence Financial LLC decreased its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 94.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,024 shares of the company’s stock after selling 54,122 shares during the period. Convergence Financial LLC’s holdings in Invesco S&P 500 Quality ETF were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arrowroot Family Office LLC acquired a new position in Invesco S&P 500 Quality ETF during the 2nd quarter valued at about $428,000. GPS Wealth Strategies Group LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 2,930.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 75,487 shares of the company’s stock worth $5,379,000 after acquiring an additional 72,996 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 3.4% during the second quarter. Crestwood Advisors Group LLC now owns 39,672 shares of the company’s stock valued at $2,827,000 after acquiring an additional 1,323 shares in the last quarter. Huntington National Bank raised its position in shares of Invesco S&P 500 Quality ETF by 10.2% in the 2nd quarter. Huntington National Bank now owns 2,676 shares of the company’s stock valued at $191,000 after purchasing an additional 248 shares during the last quarter. Finally, Key Financial Inc raised its position in shares of Invesco S&P 500 Quality ETF by 7.8% in the 2nd quarter. Key Financial Inc now owns 13,202 shares of the company’s stock valued at $941,000 after purchasing an additional 954 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Up 0.6%

Shares of Invesco S&P 500 Quality ETF stock opened at $73.72 on Thursday. The firm’s 50 day simple moving average is $73.27 and its two-hundred day simple moving average is $71.30. The firm has a market capitalization of $15.03 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $75.03.

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.