Avaii Wealth Management LLC Trims Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Avaii Wealth Management LLC cut its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 96.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,453 shares of the company’s stock after selling 87,472 shares during the quarter. Avaii Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $229,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPHQ. Bernard Wealth Management Corp. acquired a new stake in Invesco S&P 500 Quality ETF in the 4th quarter valued at $26,000. Fourth Dimension Wealth LLC purchased a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at $26,000. Millstone Evans Group LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth $33,000. Briaud Financial Planning Inc purchased a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth $34,000. Finally, 10Elms LLP purchased a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth $35,000.

Invesco S&P 500 Quality ETF Trading Down 1.7%

Shares of SPHQ opened at $69.86 on Friday. The firm has a market cap of $13.51 billion, a P/E ratio of 27.61 and a beta of 0.95. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $71.61. The company’s 50-day moving average price is $67.41 and its 200 day moving average price is $67.90.

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.