ICA Group Wealth Management LLC Sells 10,538 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

ICA Group Wealth Management LLC reduced its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 84.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,920 shares of the company’s stock after selling 10,538 shares during the period. ICA Group Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $122,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPHQ. GPS Wealth Strategies Group LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 25.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,016 shares of the company’s stock worth $65,000 after acquiring an additional 208 shares during the last quarter. SteelPeak Wealth LLC lifted its stake in Invesco S&P 500 Quality ETF by 1.2% in the second quarter. SteelPeak Wealth LLC now owns 18,422 shares of the company’s stock worth $1,171,000 after purchasing an additional 219 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 2.7% during the first quarter. Verdence Capital Advisors LLC now owns 8,322 shares of the company’s stock valued at $503,000 after buying an additional 222 shares during the period. MADDEN SECURITIES Corp boosted its position in shares of Invesco S&P 500 Quality ETF by 1.4% during the second quarter. MADDEN SECURITIES Corp now owns 20,192 shares of the company’s stock valued at $1,283,000 after buying an additional 284 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 2.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,718 shares of the company’s stock valued at $745,000 after buying an additional 291 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of SPHQ stock opened at $66.73 on Monday. The stock has a 50 day moving average price of $64.64 and a 200 day moving average price of $62.20. Invesco S&P 500 Quality ETF has a 52-week low of $47.72 and a 52-week high of $66.86. The firm has a market capitalization of $9.97 billion, a P/E ratio of 22.60 and a beta of 0.98.

About Invesco S&P 500 Quality ETF

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.