Paragon Capital Management Ltd Decreases Holdings in Invesco S&P 500 Quality ETF $SPHQ

Paragon Capital Management Ltd lessened its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 698,569 shares of the company’s stock after selling 20,413 shares during the quarter. Invesco S&P 500 Quality ETF comprises about 11.8% of Paragon Capital Management Ltd’s investment portfolio, making the stock its 2nd largest position. Paragon Capital Management Ltd owned approximately 0.30% of Invesco S&P 500 Quality ETF worth $62,941,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SPHQ. MTM Investment Management LLC bought a new position in Invesco S&P 500 Quality ETF in the fourth quarter valued at approximately $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in Invesco S&P 500 Quality ETF during the 1st quarter worth $27,000. Bell Investment Advisors Inc bought a new stake in shares of Invesco S&P 500 Quality ETF during the 1st quarter valued at $28,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at $29,000. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the 1st quarter valued at $33,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of Invesco S&P 500 Quality ETF stock traded down $0.26 during trading on Tuesday, hitting $85.06. 815,324 shares of the company were exchanged, compared to its average volume of 1,690,479. The firm has a market capitalization of $19.54 billion, a P/E ratio of 25.36 and a beta of 0.91. The firm’s fifty day moving average price is $86.15 and its 200 day moving average price is $83.03. Invesco S&P 500 Quality ETF has a 1-year low of $71.57 and a 1-year high of $90.36.

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.