Invesco S&P 500 Quality ETF $SPHQ Shares Sold by Summit Wealth Group LLC Co.

Summit Wealth Group LLC Co. reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 271,946 shares of the company’s stock after selling 33,223 shares during the quarter. Invesco S&P 500 Quality ETF accounts for 1.4% of Summit Wealth Group LLC Co.’s holdings, making the stock its 12th largest position. Summit Wealth Group LLC Co.’s holdings in Invesco S&P 500 Quality ETF were worth $22,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of SPHQ. Certified Advisory Corp grew its stake in shares of Invesco S&P 500 Quality ETF by 2.8% during the 3rd quarter. Certified Advisory Corp now owns 128,080 shares of the company’s stock worth $10,769,000 after purchasing an additional 3,445 shares during the period. TSG Advice Partners LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at approximately $7,393,000. Artesa Financial Group LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 4.1% during the 3rd quarter. Artesa Financial Group LLC now owns 122,673 shares of the company’s stock valued at $10,314,000 after purchasing an additional 4,824 shares in the last quarter. Optima Capital LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 8.1% in the 3rd quarter. Optima Capital LLC now owns 7,599 shares of the company’s stock valued at $639,000 after purchasing an additional 572 shares during the period. Finally, Stevens Capital Partners acquired a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at $421,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA SPHQ opened at $83.14 on Tuesday. The company’s fifty day moving average price is $84.64 and its 200 day moving average price is $82.71. Invesco S&P 500 Quality ETF has a 1 year low of $71.57 and a 1 year high of $90.36. The company has a market capitalization of $18.55 billion, a PE ratio of 25.36 and a beta of 0.91.

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