Tandem Capital Management Corp ADV Cuts Stock Position in Invesco S&P 500 Quality ETF $SPHQ

Tandem Capital Management Corp ADV cut its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,805 shares of the company’s stock after selling 170 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Invesco S&P 500 Quality ETF were worth $1,055,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after buying an additional 151 shares during the period. Gateway Wealth Partners LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 2.8% during the first quarter. Gateway Wealth Partners LLC now owns 5,551 shares of the company’s stock worth $368,000 after purchasing an additional 152 shares during the last quarter. Trek Financial LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 3.1% during the first quarter. Trek Financial LLC now owns 5,677 shares of the company’s stock worth $377,000 after purchasing an additional 169 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 2.5% during the first quarter. Sequoia Financial Advisors LLC now owns 8,463 shares of the company’s stock worth $561,000 after purchasing an additional 204 shares during the last quarter. Finally, Hartford Financial Management Inc. lifted its position in shares of Invesco S&P 500 Quality ETF by 0.3% during the first quarter. Hartford Financial Management Inc. now owns 73,385 shares of the company’s stock worth $4,868,000 after purchasing an additional 216 shares during the last quarter.

Invesco S&P 500 Quality ETF Trading Up 0.2%

NYSEARCA:SPHQ opened at $73.86 on Thursday. Invesco S&P 500 Quality ETF has a twelve month low of $57.67 and a twelve month high of $74.45. The company has a market cap of $15.15 billion, a price-to-earnings ratio of 25.36 and a beta of 0.94. The stock has a fifty day simple moving average of $72.54 and a 200-day simple moving average of $69.83.

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.