Strategic Investment Advisors MI Cuts Position in Invesco S&P 500 Quality ETF $SPHQ

Strategic Investment Advisors MI reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 94.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 505 shares of the company’s stock after selling 8,771 shares during the quarter. Strategic Investment Advisors MI’s holdings in Invesco S&P 500 Quality ETF were worth $37,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the third quarter valued at about $35,000. Dunhill Financial LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 10,060.0% during the 3rd quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 503 shares in the last quarter. Burkett Financial Services LLC purchased a new stake in Invesco S&P 500 Quality ETF during the third quarter valued at approximately $37,000. Grey Fox Wealth Advisors LLC acquired a new stake in Invesco S&P 500 Quality ETF in the third quarter valued at approximately $47,000. Finally, Smartleaf Asset Management LLC grew its holdings in Invesco S&P 500 Quality ETF by 197.3% in the third quarter. Smartleaf Asset Management LLC now owns 779 shares of the company’s stock worth $57,000 after purchasing an additional 517 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Up 0.1%

Shares of SPHQ stock opened at $75.99 on Friday. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $81.04. The business’s fifty day simple moving average is $78.34 and its 200-day simple moving average is $75.53. The company has a market cap of $15.52 billion, a PE ratio of 25.36 and a beta of 0.92.

Invesco S&P 500 Quality ETF Company 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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.