Providence First Trust Co Sells 32,851 Shares of Invesco S&P 500 Quality ETF $SPHQ

Providence First Trust Co trimmed its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 37.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,760 shares of the company’s stock after selling 32,851 shares during the quarter. Invesco S&P 500 Quality ETF makes up approximately 1.4% of Providence First Trust Co’s portfolio, making the stock its 14th biggest holding. Providence First Trust Co’s holdings in Invesco S&P 500 Quality ETF were worth $4,185,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SPHQ. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Invesco S&P 500 Quality ETF by 4.5% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock valued at $238,000 after purchasing an additional 136 shares during the period. Verum Partners LLC boosted its stake in Invesco S&P 500 Quality ETF by 0.3% during the fourth quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock valued at $3,772,000 after buying an additional 141 shares during the period. Latitude Advisors LLC boosted its stake in Invesco S&P 500 Quality ETF by 3.0% during the fourth quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock valued at $379,000 after buying an additional 148 shares during the period. Brighton Jones LLC grew its position in Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after buying an additional 151 shares in the last quarter. Finally, Galvin Gaustad & Stein LLC increased its stake in Invesco S&P 500 Quality ETF by 3.1% in the 4th quarter. Galvin Gaustad & Stein LLC now owns 5,395 shares of the company’s stock worth $405,000 after acquiring an additional 162 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Up 1.4%

Shares of SPHQ opened at $81.67 on Wednesday. Invesco S&P 500 Quality ETF has a 12-month low of $66.35 and a 12-month high of $81.79. The company has a market cap of $17.38 billion, a PE ratio of 25.36 and a beta of 0.91. The stock has a 50-day moving average price of $78.17 and a 200-day moving average price of $76.68.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.