First Command Advisory Services Inc. Sells 11,027,106 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

First Command Advisory Services Inc. reduced its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 88.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,407,120 shares of the company’s stock after selling 11,027,106 shares during the period. Invesco S&P 500 Quality ETF makes up 0.9% of First Command Advisory Services Inc.’s holdings, making the stock its 8th largest position. First Command Advisory Services Inc. owned approximately 0.76% of Invesco S&P 500 Quality ETF worth $93,348,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at about $26,000. Fourth Dimension Wealth LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at about $26,000. Millstone Evans Group LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at about $33,000. Highline Wealth Partners LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the first quarter valued at about $33,000. Finally, 10Elms LLP acquired a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at about $35,000.

Invesco S&P 500 Quality ETF Stock Up 0.3%

Shares of SPHQ opened at $71.43 on Tuesday. Invesco S&P 500 Quality ETF has a 52 week low of $57.67 and a 52 week high of $72.22. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 25.36 and a beta of 0.94. The stock’s 50-day moving average price is $70.16 and its 200-day moving average price is $68.17.

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.