Invesco S&P 500 Quality ETF $SPHQ Shares Sold by Demars Financial Group LLC

Demars Financial Group LLC reduced its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 623,705 shares of the company’s stock after selling 15,927 shares during the period. Invesco S&P 500 Quality ETF accounts for approximately 15.4% of Demars Financial Group LLC’s holdings, making the stock its biggest position. Demars Financial Group LLC owned about 0.29% of Invesco S&P 500 Quality ETF worth $46,896,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPHQ. Ameriprise Financial Inc. grew its position in shares of Invesco S&P 500 Quality ETF by 68.0% in the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after purchasing an additional 3,741,699 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco S&P 500 Quality ETF by 61.2% during the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock worth $275,733,000 after purchasing an additional 1,469,187 shares during the last quarter. Independence Asset Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF during the 1st quarter valued at approximately $73,856,000. Alvarez & Marsal Private Wealth Partners LLC bought a new stake in Invesco S&P 500 Quality ETF during the 4th quarter valued at approximately $58,114,000. Finally, Sequoia Financial Advisors LLC grew its holdings in Invesco S&P 500 Quality ETF by 2,247.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock valued at $42,159,000 after buying an additional 537,812 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Down 0.1%

Shares of NYSEARCA SPHQ opened at $86.63 on Thursday. The business’s 50 day moving average is $85.46 and its two-hundred day moving average is $80.47. The company has a market cap of $19.69 billion, a P/E ratio of 25.36 and a beta of 0.90. Invesco S&P 500 Quality ETF has a 12 month low of $70.26 and a 12 month high of $90.36.

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