Family Investment Center Inc. Reduces Stake in Invesco S&P 500 Quality ETF $SPHQ

Family Investment Center Inc. trimmed its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 16.5% during the first quarter, Holdings Channel.com reports. The fund owned 520,845 shares of the company’s stock after selling 103,092 shares during the quarter. Invesco S&P 500 Quality ETF comprises 7.5% of Family Investment Center Inc.’s portfolio, making the stock its 5th biggest holding. Family Investment Center Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $39,162,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SPHQ. Ameriprise Financial Inc. lifted its position in shares of Invesco S&P 500 Quality ETF by 68.0% during the second quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after purchasing an additional 3,741,699 shares in the last quarter. Raymond James Financial Inc. grew its position in Invesco S&P 500 Quality ETF by 61.2% in the 2nd quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock worth $275,733,000 after purchasing an additional 1,469,187 shares in the last quarter. Independence Asset Advisors LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 1st quarter valued at about $73,856,000. Alvarez & Marsal Private Wealth Partners LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $58,114,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 2,247.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 561,746 shares of the company’s stock worth $42,159,000 after buying an additional 537,812 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Up 1.5%

Invesco S&P 500 Quality ETF stock opened at $90.10 on Wednesday. Invesco S&P 500 Quality ETF has a 52 week low of $70.26 and a 52 week high of $90.36. The company’s 50 day moving average price is $84.56 and its two-hundred day moving average price is $79.96. The stock has a market cap of $19.18 billion, a P/E ratio of 25.36 and a beta of 0.91.

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.