Invesco S&P 500 Quality ETF $SPHQ Shares Sold by Paragon Capital Management Ltd

Paragon Capital Management Ltd reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 698,569 shares of the company’s stock after selling 20,413 shares during the period. Invesco S&P 500 Quality ETF makes up approximately 11.8% of Paragon Capital Management Ltd’s holdings, making the stock its 2nd biggest holding. Paragon Capital Management Ltd’s holdings in Invesco S&P 500 Quality ETF were worth $62,941,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SPHQ. Bank of New York Mellon Corp lifted its position in Invesco S&P 500 Quality ETF by 3.0% in the 4th quarter. Bank of New York Mellon Corp now owns 2,801,483 shares of the company’s stock valued at $210,251,000 after acquiring an additional 80,335 shares in the last quarter. Soltis Investment Advisors LLC bought a new position in Invesco S&P 500 Quality ETF during the 4th quarter worth about $510,000. Sfmg LLC increased its holdings in Invesco S&P 500 Quality ETF by 1.0% during the 4th quarter. Sfmg LLC now owns 1,668,107 shares of the company’s stock worth $125,191,000 after purchasing an additional 16,565 shares in the last quarter. Vise Technologies Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 105.3% in the 4th quarter. Vise Technologies Inc. now owns 52,480 shares of the company’s stock valued at $3,939,000 after purchasing an additional 26,923 shares during the period. Finally, Compass Financial Group Inc. Ohio acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at about $2,933,000.

Invesco S&P 500 Quality ETF Trading Down 0.3%

Shares of NYSEARCA SPHQ traded down $0.26 during midday trading on Tuesday, reaching $85.06. The company’s stock had a trading volume of 815,324 shares, compared to its average volume of 1,690,479. Invesco S&P 500 Quality ETF has a fifty-two week low of $71.57 and a fifty-two week high of $90.36. The stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The stock has a 50 day simple moving average of $86.15 and a 200-day simple moving average of $83.03.

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.