Sterling Group Wealth Management LLC Cuts Stock Holdings in Invesco S&P 500 Quality ETF $SPHQ

Sterling Group Wealth Management LLC lessened its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 14.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 231,299 shares of the company’s stock after selling 40,253 shares during the quarter. Invesco S&P 500 Quality ETF comprises approximately 8.2% of Sterling Group Wealth Management LLC’s holdings, making the stock its 2nd largest position. Sterling Group Wealth Management LLC’s holdings in Invesco S&P 500 Quality ETF were worth $17,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. MTM Investment Management LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at $26,000. Bell Investment Advisors Inc acquired a new stake in Invesco S&P 500 Quality ETF in the first quarter worth about $28,000. IFC & Insurance Marketing Inc. acquired a new stake in Invesco S&P 500 Quality ETF in the fourth quarter worth about $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $33,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in Invesco S&P 500 Quality ETF in the 1st quarter valued at about $33,000.

Invesco S&P 500 Quality ETF Trading Down 1.5%

Invesco S&P 500 Quality ETF stock opened at $86.82 on Tuesday. The stock has a market cap of $19.78 billion, a price-to-earnings ratio of 25.36 and a beta of 0.90. The company’s 50-day moving average price is $85.90 and its two-hundred day moving average price is $80.72. Invesco S&P 500 Quality ETF has a 52 week low of $70.26 and a 52 week high of $90.36.

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