Axxcess Wealth Management LLC Sells 395 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Axxcess Wealth Management LLC reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.6% in the first quarter, Holdings Channel reports. The fund owned 14,805 shares of the company’s stock after selling 395 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $895,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Verdence Capital Advisors LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 2.7% during the 1st quarter. Verdence Capital Advisors LLC now owns 8,322 shares of the company’s stock valued at $503,000 after buying an additional 222 shares in the last quarter. Key Financial Inc lifted its stake in shares of Invesco S&P 500 Quality ETF by 3.0% during the 4th quarter. Key Financial Inc now owns 7,789 shares of the company’s stock valued at $421,000 after buying an additional 230 shares in the last quarter. Glassman Wealth Services lifted its stake in shares of Invesco S&P 500 Quality ETF by 121.7% during the 4th quarter. Glassman Wealth Services now owns 510 shares of the company’s stock valued at $28,000 after buying an additional 280 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 3.6% during the 1st quarter. Capital Investment Advisory Services LLC now owns 8,643 shares of the company’s stock valued at $522,000 after buying an additional 297 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 58.0% during the 1st quarter. Sound Income Strategies LLC now owns 915 shares of the company’s stock valued at $55,000 after buying an additional 336 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Up 1.4 %

Shares of SPHQ stock traded up $0.90 during trading on Friday, reaching $63.86. 2,160,292 shares of the company’s stock traded hands, compared to its average volume of 965,028. Invesco S&P 500 Quality ETF has a 1 year low of $47.72 and a 1 year high of $65.57. The company has a market capitalization of $9.54 billion, a P/E ratio of 22.60 and a beta of 0.98. The firm’s 50-day moving average is $63.42 and its 200 day moving average is $60.01.

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.