Cadent Capital Advisors LLC Cuts Stake in Invesco S&P 500 Quality ETF $SPHQ

Cadent Capital Advisors LLC trimmed its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 83.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,952 shares of the company’s stock after selling 78,110 shares during the period. Cadent Capital Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. World Investment Advisors grew its position in Invesco S&P 500 Quality ETF by 0.6% in the 1st quarter. World Investment Advisors now owns 24,754 shares of the company’s stock valued at $1,861,000 after purchasing an additional 142 shares during the period. Wisconsin Wealth Advisors LLC boosted its stake in Invesco S&P 500 Quality ETF by 0.4% during the 3rd quarter. Wisconsin Wealth Advisors LLC now owns 38,424 shares of the company’s stock valued at $3,231,000 after purchasing an additional 149 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in Invesco S&P 500 Quality ETF by 0.5% during the 1st quarter. GHP Investment Advisors Inc. now owns 29,891 shares of the company’s stock valued at $2,247,000 after purchasing an additional 153 shares during the last quarter. DBK Financial Counsel LLC increased its holdings in Invesco S&P 500 Quality ETF by 0.4% during the 1st quarter. DBK Financial Counsel LLC now owns 44,727 shares of the company’s stock worth $3,363,000 after purchasing an additional 165 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 3.4% in the third quarter. Valeo Financial Advisors LLC now owns 5,009 shares of the company’s stock worth $421,000 after purchasing an additional 167 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ stock traded up $0.26 during trading hours on Friday, reaching $85.75. The company had a trading volume of 371,099 shares, compared to its average volume of 1,616,540. The company has a market cap of $19.02 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 12 month low of $71.57 and a 12 month high of $90.36. The business has a fifty day simple moving average of $85.31 and a 200-day simple moving average of $84.01.

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.