Invesco S&P 500 Quality ETF $SPHQ Stake Decreased by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lessened its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 8.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 69,906 shares of the company’s stock after selling 6,403 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Invesco S&P 500 Quality ETF were worth $5,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC bought a new stake in Invesco S&P 500 Quality ETF during the fourth quarter worth approximately $26,000. Key Financial Inc raised its holdings in Invesco S&P 500 Quality ETF by 14.6% during the fourth quarter. Key Financial Inc now owns 16,326 shares of the company’s stock worth $1,225,000 after purchasing an additional 2,081 shares in the last quarter. AEGON USA Investment Management LLC raised its holdings in Invesco S&P 500 Quality ETF by 3.4% during the fourth quarter. AEGON USA Investment Management LLC now owns 4,920 shares of the company’s stock worth $369,000 after purchasing an additional 160 shares in the last quarter. Endowment Wealth Management Inc. raised its holdings in Invesco S&P 500 Quality ETF by 127.0% during the fourth quarter. Endowment Wealth Management Inc. now owns 94,775 shares of the company’s stock worth $7,113,000 after purchasing an additional 53,023 shares in the last quarter. Finally, Horizon Family Wealth Inc. raised its holdings in Invesco S&P 500 Quality ETF by 17.2% during the fourth quarter. Horizon Family Wealth Inc. now owns 13,135 shares of the company’s stock worth $986,000 after purchasing an additional 1,928 shares in the last quarter.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA:SPHQ opened at $85.51 on Thursday. Invesco S&P 500 Quality ETF has a 12 month low of $68.89 and a 12 month high of $85.93. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The stock’s 50 day moving average price is $79.63 and its 200 day moving average price is $77.72.

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.