Invesco S&P 500 Quality ETF $SPHQ Shares Sold by Sterling Group Wealth Management LLC

Sterling Group Wealth Management LLC cut its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 14.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,299 shares of the company’s stock after selling 40,253 shares during the quarter. Invesco S&P 500 Quality ETF makes up 8.2% of Sterling Group Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Sterling Group Wealth Management LLC owned about 0.11% of Invesco S&P 500 Quality ETF worth $17,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MTM Investment Management LLC acquired a new position in Invesco S&P 500 Quality ETF during the 4th quarter valued at approximately $26,000. Bell Investment Advisors Inc acquired a new stake in Invesco S&P 500 Quality ETF in the first quarter worth $28,000. IFC & Insurance Marketing Inc. bought a new stake in Invesco S&P 500 Quality ETF in the fourth quarter valued at $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Invesco S&P 500 Quality ETF in the fourth quarter valued at $33,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the first quarter valued at $33,000.

Invesco S&P 500 Quality ETF Stock Performance

Invesco S&P 500 Quality ETF stock opened at $86.82 on Tuesday. Invesco S&P 500 Quality ETF has a one year low of $70.26 and a one year high of $90.36. The company has a 50-day simple moving average of $85.90 and a 200-day simple moving average of $80.72. The firm has a market capitalization of $19.78 billion, a P/E ratio of 25.36 and a beta of 0.90.

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.