Larson Financial Group LLC Trims Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Larson Financial Group LLC reduced its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 23.9% during the 4th quarter, Holdings Channel reports. The fund owned 4,555 shares of the company’s stock after selling 1,427 shares during the period. Larson Financial Group LLC’s holdings in Invesco S&P 500 Quality ETF were worth $246,000 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 recently made changes to their positions in SPHQ. 1900 Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 98.1% in the fourth quarter. 1900 Wealth Management LLC now owns 13,771 shares of the company’s stock worth $745,000 after buying an additional 6,820 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in Invesco S&P 500 Quality ETF by 2.4% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 39,378 shares of the company’s stock worth $2,130,000 after purchasing an additional 930 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 5.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 36,590 shares of the company’s stock worth $1,979,000 after purchasing an additional 1,739 shares during the period. Key Financial Inc grew its stake in shares of Invesco S&P 500 Quality ETF by 3.0% during the 4th quarter. Key Financial Inc now owns 7,789 shares of the company’s stock worth $421,000 after purchasing an additional 230 shares during the period. Finally, Lunt Capital Management Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter valued at approximately $1,054,000.

Invesco S&P 500 Quality ETF Price Performance

SPHQ opened at $58.60 on Wednesday. The stock has a market cap of $8.49 billion, a P/E ratio of 21.97 and a beta of 0.96. The firm has a fifty day moving average price of $59.06 and a 200 day moving average price of $55.03. Invesco S&P 500 Quality ETF has a 1 year low of $46.71 and a 1 year high of $60.77.

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.