Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Stock Position Reduced by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY decreased its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 32,071 shares of the company’s stock after selling 355 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Invesco S&P 500 Quality ETF were worth $2,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Silver Lake Advisory LLC acquired a new stake in Invesco S&P 500 Quality ETF in the second quarter valued at approximately $35,759,000. Parallel Advisors LLC boosted its holdings in Invesco S&P 500 Quality ETF by 2.8% in the second quarter. Parallel Advisors LLC now owns 70,686 shares of the company’s stock worth $4,491,000 after purchasing an additional 1,924 shares in the last quarter. Thoroughbred Financial Services LLC increased its position in Invesco S&P 500 Quality ETF by 125.0% during the second quarter. Thoroughbred Financial Services LLC now owns 9,710 shares of the company’s stock worth $616,000 after buying an additional 5,394 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in Invesco S&P 500 Quality ETF by 6.1% during the second quarter. J.W. Cole Advisors Inc. now owns 40,775 shares of the company’s stock worth $2,591,000 after buying an additional 2,327 shares during the last quarter. Finally, One Capital Management LLC bought a new position in Invesco S&P 500 Quality ETF during the second quarter valued at about $20,176,000.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ traded up $0.20 during trading hours on Monday, hitting $66.34. 875,979 shares of the company were exchanged, compared to its average volume of 1,103,513. The company has a market cap of $9.91 billion, a PE ratio of 22.60 and a beta of 0.98. The firm’s 50 day moving average is $68.09 and its 200-day moving average is $66.41. Invesco S&P 500 Quality ETF has a 52 week low of $53.81 and a 52 week high of $69.97.

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.