MAI Capital Management Reduces Position in Invesco S&P 500 Quality ETF $SPHQ

MAI Capital Management decreased its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 5.7% in the second quarter, HoldingsChannel reports. The fund owned 97,041 shares of the company’s stock after selling 5,822 shares during the quarter. MAI Capital Management’s holdings in Invesco S&P 500 Quality ETF were worth $6,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Invesco S&P 500 Quality ETF by 4.0% in the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after purchasing an additional 151 shares during the period. Bogart Wealth LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 19.2% in the second quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock worth $69,000 after buying an additional 155 shares during the period. First American Trust FSB raised its stake in shares of Invesco S&P 500 Quality ETF by 5.3% in the second quarter. First American Trust FSB now owns 3,989 shares of the company’s stock worth $284,000 after buying an additional 200 shares during the period. Nwam LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 1.8% during the 2nd quarter. Nwam LLC now owns 11,655 shares of the company’s stock valued at $839,000 after buying an additional 210 shares in the last quarter. Finally, Trivium Point Advisory LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 1.9% during the 1st quarter. Trivium Point Advisory LLC now owns 11,390 shares of the company’s stock valued at $756,000 after acquiring an additional 217 shares during the period.

Invesco S&P 500 Quality ETF Trading Up 1.7%

NYSEARCA SPHQ opened at $72.83 on Friday. Invesco S&P 500 Quality ETF has a 12 month low of $57.67 and a 12 month high of $75.03. The stock has a market cap of $14.84 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. The company’s 50 day moving average is $73.48 and its two-hundred day moving average is $71.96.

Invesco S&P 500 Quality ETF 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.