PNC Financial Services Group Inc. Sells 73,369 Shares of Invesco S&P 500 Quality ETF $SPHQ

PNC Financial Services Group Inc. reduced its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 7.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 900,843 shares of the company’s stock after selling 73,369 shares during the period. PNC Financial Services Group Inc. owned approximately 0.42% of Invesco S&P 500 Quality ETF worth $67,734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SPHQ. Sherman Wealth Management LLC purchased a new stake in Invesco S&P 500 Quality ETF during the 4th quarter worth about $1,003,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 44.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 42,599 shares of the company’s stock worth $3,197,000 after buying an additional 13,025 shares in the last quarter. Demars Financial Group LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 4.6% in the fourth quarter. Demars Financial Group LLC now owns 639,632 shares of the company’s stock worth $48,004,000 after buying an additional 28,275 shares in the last quarter. Alpine Bank Wealth Management boosted its position in shares of Invesco S&P 500 Quality ETF by 1.3% in the fourth quarter. Alpine Bank Wealth Management now owns 555,050 shares of the company’s stock valued at $41,657,000 after acquiring an additional 7,296 shares during the period. Finally, Eagle Strategies LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 4.7% in the fourth quarter. Eagle Strategies LLC now owns 217,882 shares of the company’s stock valued at $16,352,000 after acquiring an additional 9,845 shares during the period.

Invesco S&P 500 Quality ETF Stock Down 0.0%

Invesco S&P 500 Quality ETF stock opened at $85.08 on Friday. The stock has a market cap of $19.47 billion, a price-to-earnings ratio of 25.36 and a beta of 0.90. The business has a 50-day simple moving average of $86.38 and a 200 day simple moving average of $81.27. Invesco S&P 500 Quality ETF has a 52 week low of $70.40 and a 52 week high of $90.36.

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.