Focus Financial Network Inc. Lowers Position in Invesco S&P 500 Quality ETF $SPHQ

Focus Financial Network Inc. lessened its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 9.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,531 shares of the company’s stock after selling 23,455 shares during the quarter. Focus Financial Network Inc. owned approximately 0.10% of Invesco S&P 500 Quality ETF worth $19,600,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SPHQ. MTM Investment Management LLC bought a new stake in Invesco S&P 500 Quality ETF during the fourth quarter worth $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the first quarter valued at about $27,000. Bell Investment Advisors Inc purchased a new stake in Invesco S&P 500 Quality ETF in the 1st quarter valued at about $28,000. IFC & Insurance Marketing Inc. bought a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $33,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA SPHQ opened at $85.97 on Monday. The stock’s 50 day moving average price is $86.63 and its 200-day moving average price is $81.90. The company has a market capitalization of $19.74 billion, a PE ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a twelve month low of $71.40 and a twelve month high of $90.36.

About Invesco S&P 500 Quality ETF

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.