Boston Mountain Money Management Inc. Lowers Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Boston Mountain Money Management Inc. cut its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,430 shares of the company’s stock after selling 1,000 shares during the period. Invesco S&P 500 Quality ETF accounts for 2.3% of Boston Mountain Money Management Inc.’s holdings, making the stock its 11th biggest position. Boston Mountain Money Management Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $3,522,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SPHQ. International Assets Investment Management LLC acquired a new position in Invesco S&P 500 Quality ETF during the fourth quarter worth $2,645,000. Tennessee Valley Asset Management Partners acquired a new position in Invesco S&P 500 Quality ETF during the fourth quarter worth $147,000. J.W. Cole Advisors Inc. raised its position in Invesco S&P 500 Quality ETF by 5.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 36,590 shares of the company’s stock worth $1,979,000 after acquiring an additional 1,739 shares during the period. Riggs Asset Managment Co. Inc. raised its position in Invesco S&P 500 Quality ETF by 2.4% during the fourth quarter. Riggs Asset Managment Co. Inc. now owns 39,378 shares of the company’s stock worth $2,130,000 after acquiring an additional 930 shares during the period. Finally, 1900 Wealth Management LLC raised its position in Invesco S&P 500 Quality ETF by 98.1% during the fourth quarter. 1900 Wealth Management LLC now owns 13,771 shares of the company’s stock worth $745,000 after acquiring an additional 6,820 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA SPHQ traded up $0.37 during mid-day trading on Monday, reaching $65.65. The company’s stock had a trading volume of 518,602 shares, compared to its average volume of 988,140. The stock has a 50-day moving average of $63.97 and a two-hundred day moving average of $61.02. The stock has a market capitalization of $9.81 billion, a P/E ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 1-year low of $47.72 and a 1-year high of $65.65.

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.