Focus Financial Network Inc. reduced its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 9.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 217,531 shares of the company’s stock after selling 23,455 shares during the period. Focus Financial Network Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $19,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HF Advisory Group LLC boosted its position in Invesco S&P 500 Quality ETF by 0.8% during the second quarter. HF Advisory Group LLC now owns 25,543 shares of the company’s stock worth $2,301,000 after purchasing an additional 196 shares during the period. Topor & Co. Korea raised its position in shares of Invesco S&P 500 Quality ETF by 0.7% in the second quarter. Topor & Co. Korea now owns 49,918 shares of the company’s stock valued at $4,498,000 after purchasing an additional 329 shares during the period. Sax Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Quality ETF by 21.3% in the second quarter. Sax Wealth Advisors LLC now owns 542,051 shares of the company’s stock valued at $48,839,000 after purchasing an additional 95,095 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Invesco S&P 500 Quality ETF by 35.9% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,282 shares of the company’s stock valued at $836,000 after purchasing an additional 2,451 shares during the period. Finally, Beacon Investment Advisory Services Inc. lifted its stake in shares of Invesco S&P 500 Quality ETF by 442.8% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 1,243 shares of the company’s stock valued at $112,000 after buying an additional 1,014 shares in the last quarter.
Invesco S&P 500 Quality ETF Stock Performance
SPHQ opened at $85.97 on Monday. The company has a 50 day moving average of $86.63 and a 200 day moving average of $81.90. The company has a market cap of $19.74 billion, a PE ratio of 25.36 and a beta of 0.91. Invesco S&P 500 Quality ETF has a 12 month low of $71.40 and a 12 month high of $90.36.
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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.
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