Fragasso Financial Advisors Inc Cuts Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Fragasso Financial Advisors Inc cut its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,062 shares of the company’s stock after selling 248 shares during the period. Fragasso Financial Advisors Inc’s holdings in Invesco S&P 500 Quality ETF were worth $830,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SPHQ. Verdence Capital Advisors LLC grew its holdings in Invesco S&P 500 Quality ETF by 2.7% in the first quarter. Verdence Capital Advisors LLC now owns 8,322 shares of the company’s stock worth $503,000 after purchasing an additional 222 shares during the period. Key Financial Inc grew its holdings in Invesco S&P 500 Quality ETF by 3.0% in the fourth quarter. Key Financial Inc now owns 7,789 shares of the company’s stock worth $421,000 after purchasing an additional 230 shares during the period. Glassman Wealth Services grew its holdings in shares of Invesco S&P 500 Quality ETF by 121.7% during the fourth quarter. Glassman Wealth Services now owns 510 shares of the company’s stock valued at $28,000 after buying an additional 280 shares during the last quarter. Capital Investment Advisory Services LLC increased its position in shares of Invesco S&P 500 Quality ETF by 3.6% during the first quarter. Capital Investment Advisory Services LLC now owns 8,643 shares of the company’s stock valued at $522,000 after acquiring an additional 297 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Invesco S&P 500 Quality ETF by 58.0% in the 1st quarter. Sound Income Strategies LLC now owns 915 shares of the company’s stock worth $55,000 after acquiring an additional 336 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA SPHQ traded up $0.43 during trading hours on Tuesday, hitting $61.90. The company’s stock had a trading volume of 2,232,584 shares, compared to its average volume of 986,341. Invesco S&P 500 Quality ETF has a 12 month low of $47.72 and a 12 month high of $65.57. The company’s 50 day simple moving average is $63.69 and its two-hundred day simple moving average is $60.59. The company has a market cap of $9.25 billion, a P/E ratio of 22.60 and a beta of 0.98.

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.