Owen LaRue LLC Sells 29,262 Shares of Invesco S&P 500 Quality ETF $SPHQ

Owen LaRue LLC cut its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 59.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,648 shares of the company’s stock after selling 29,262 shares during the quarter. Owen LaRue LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,440,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Symphony Financial Ltd. Co. boosted its holdings in Invesco S&P 500 Quality ETF by 4.2% in the third quarter. Symphony Financial Ltd. Co. now owns 132,531 shares of the company’s stock valued at $9,672,000 after acquiring an additional 5,376 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at about $856,000. Latitude Advisors LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 15.1% during the 3rd quarter. Latitude Advisors LLC now owns 4,905 shares of the company’s stock valued at $359,000 after purchasing an additional 643 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF during the third quarter valued at about $929,000. Finally, Elevation Capital Advisory LLC bought a new position in Invesco S&P 500 Quality ETF in the third quarter worth about $443,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ opened at $76.83 on Friday. The company has a 50-day simple moving average of $75.47 and a two-hundred day simple moving average of $73.72. The firm has a market capitalization of $15.61 billion, a PE ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a one year low of $57.67 and a one year high of $78.09.

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.