NewEdge Advisors LLC Sells 73,463 Shares of Invesco S&P 500 Quality ETF $SPHQ

NewEdge Advisors LLC lowered its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 49.1% in the first quarter, Holdings Channel.com reports. The firm owned 76,117 shares of the company’s stock after selling 73,463 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $5,415,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPHQ. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Invesco S&P 500 Quality ETF by 4.5% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock worth $238,000 after buying an additional 136 shares in the last quarter. Compound Planning Inc. lifted its stake in Invesco S&P 500 Quality ETF by 1.0% during the 4th quarter. Compound Planning Inc. now owns 14,556 shares of the company’s stock valued at $1,092,000 after acquiring an additional 138 shares in the last quarter. World Investment Advisors lifted its stake in Invesco S&P 500 Quality ETF by 0.6% during the 1st quarter. World Investment Advisors now owns 24,754 shares of the company’s stock valued at $1,861,000 after acquiring an additional 142 shares in the last quarter. Latitude Advisors LLC boosted its holdings in Invesco S&P 500 Quality ETF by 3.0% during the 4th quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock worth $379,000 after acquiring an additional 148 shares during the last quarter. Finally, Brighton Jones LLC boosted its holdings in Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after acquiring an additional 151 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA SPHQ opened at $85.07 on Friday. Invesco S&P 500 Quality ETF has a 1 year low of $70.40 and a 1 year high of $90.36. The firm has a market cap of $19.50 billion, a price-to-earnings ratio of 25.36 and a beta of 0.90. The company has a fifty day moving average price of $86.55 and a 200-day moving average price of $81.54.

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.