Invesco S&P 500 Quality ETF $SPHQ Stock: First Command Advisory Services Inc. Trims Holdings

First Command Advisory Services Inc. reduced its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 40.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 679,545 shares of the company’s stock after selling 466,815 shares during the quarter. Invesco S&P 500 Quality ETF comprises about 0.3% of First Command Advisory Services Inc.’s portfolio, making the stock its 22nd largest position. First Command Advisory Services Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $57,136,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Silver Grove Financial Group Inc. boosted its position in shares of Invesco S&P 500 Quality ETF by 686.6% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 527 shares of the company’s stock worth $44,000 after acquiring an additional 460 shares in the last quarter. AMG National Trust Bank bought a new position in Invesco S&P 500 Quality ETF in the third quarter valued at approximately $362,000. Moneco Advisors LLC raised its position in Invesco S&P 500 Quality ETF by 12.7% during the third quarter. Moneco Advisors LLC now owns 37,551 shares of the company’s stock valued at $3,157,000 after purchasing an additional 4,233 shares in the last quarter. Lido Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF during the third quarter valued at approximately $17,150,000. Finally, Keybank National Association OH acquired a new position in Invesco S&P 500 Quality ETF during the third quarter valued at approximately $16,205,000.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA SPHQ opened at $85.03 on Thursday. The business has a fifty day moving average price of $84.28 and a two-hundred day moving average price of $82.93. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36. The stock has a market capitalization of $19.02 billion, a PE ratio of 25.36 and a beta of 0.91.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.