Mainstay Capital Management LLC ADV Cuts Stake in Invesco S&P 500 Quality ETF $SPHQ

Mainstay Capital Management LLC ADV reduced its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 98.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,496 shares of the company’s stock after selling 1,323,106 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Invesco S&P 500 Quality ETF were worth $1,649,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Ancora Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at $35,000. Burkett Financial Services LLC purchased a new position in Invesco S&P 500 Quality ETF in the 3rd quarter worth $37,000. Dunhill Financial LLC raised its position in Invesco S&P 500 Quality ETF by 10,060.0% in the 3rd quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock worth $37,000 after purchasing an additional 503 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF in the third quarter worth $47,000. Finally, Smartleaf Asset Management LLC lifted its stake in Invesco S&P 500 Quality ETF by 197.3% in the third quarter. Smartleaf Asset Management LLC now owns 779 shares of the company’s stock worth $57,000 after purchasing an additional 517 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Down 1.5%

Shares of NYSEARCA:SPHQ opened at $75.94 on Thursday. The stock’s 50-day moving average price is $78.35 and its 200-day moving average price is $75.52. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $81.04. The stock has a market capitalization of $15.51 billion, a P/E ratio of 25.36 and a beta of 0.92.

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.