Park Avenue Securities LLC Decreases Holdings in Invesco S&P 500 Quality ETF $SPHQ

Park Avenue Securities LLC reduced its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 70.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,565 shares of the company’s stock after selling 71,095 shares during the period. Park Avenue Securities LLC’s holdings in Invesco S&P 500 Quality ETF were worth $2,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPHQ. Brighton Jones LLC boosted its position in Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after purchasing an additional 151 shares in the last quarter. Fragasso Financial Advisors Inc increased its position in shares of Invesco S&P 500 Quality ETF by 0.5% in the third quarter. Fragasso Financial Advisors Inc now owns 31,677 shares of the company’s stock valued at $2,342,000 after buying an additional 157 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 1.1% during the 2nd quarter. Brown Advisory Inc. now owns 15,535 shares of the company’s stock worth $1,107,000 after buying an additional 166 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 0.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 35,163 shares of the company’s stock worth $2,577,000 after buying an additional 168 shares during the last quarter. Finally, Symphony Financial Services Inc. boosted its position in shares of Invesco S&P 500 Quality ETF by 1.6% in the 3rd quarter. Symphony Financial Services Inc. now owns 11,190 shares of the company’s stock worth $820,000 after buying an additional 177 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Up 0.7%

NYSEARCA:SPHQ opened at $75.80 on Tuesday. The company has a market capitalization of $15.48 billion, a P/E ratio of 25.36 and a beta of 0.92. The firm has a 50-day moving average price of $78.26 and a two-hundred day moving average price of $75.62. Invesco S&P 500 Quality ETF has a twelve month low of $57.67 and a twelve month high of $81.04.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.