Merit Financial Group LLC Cuts Position in Invesco S&P 500 Quality ETF $SPHQ

Merit Financial Group LLC decreased its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,053 shares of the company’s stock after selling 1,612 shares during the quarter. Merit Financial Group LLC’s holdings in Invesco S&P 500 Quality ETF were worth $3,282,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new position in Invesco S&P 500 Quality ETF in the second quarter worth $33,000. Highline Wealth Partners LLC purchased a new position in Invesco S&P 500 Quality ETF in the first quarter worth $33,000. Golden State Wealth Management LLC raised its position 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 acquiring an additional 453 shares in the last quarter. Arlington Trust Co LLC purchased a new position in Invesco S&P 500 Quality ETF in the first quarter worth $36,000. Finally, Resources Management Corp CT ADV purchased a new position in shares of Invesco S&P 500 Quality ETF in the first quarter valued at $44,000.

Invesco S&P 500 Quality ETF Stock Down 0.4%

Shares of SPHQ stock opened at $73.68 on Wednesday. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.67 and a fifty-two week high of $74.45. The stock has a market cap of $15.12 billion, a P/E ratio of 25.36 and a beta of 0.94. The business has a fifty day simple moving average of $72.50 and a 200-day simple moving average of $69.80.

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.