PAX Financial Group LLC Has $1.72 Million Stock Position in Invesco S&P 500 Quality ETF $SPHQ

PAX Financial Group LLC reduced its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,105 shares of the company’s stock after selling 3,352 shares during the period. PAX Financial Group LLC’s holdings in Invesco S&P 500 Quality ETF were worth $1,718,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SPHQ. Berkshire Money Management Inc. purchased a new position in Invesco S&P 500 Quality ETF during the 2nd quarter worth approximately $28,000. Independence Bank of Kentucky purchased a new position in shares of Invesco S&P 500 Quality ETF during the second quarter valued at $33,000. Resources Management Corp CT ADV purchased a new position in shares of Invesco S&P 500 Quality ETF during the first quarter valued at $44,000. Bogart Wealth LLC lifted its stake in Invesco S&P 500 Quality ETF by 19.2% in the 2nd quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock worth $69,000 after acquiring an additional 155 shares in the last quarter. Finally, Adirondack Trust Co. purchased a new stake in Invesco S&P 500 Quality ETF in the 2nd quarter worth about $77,000.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA:SPHQ opened at $73.45 on Monday. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.67 and a fifty-two week high of $75.03. The stock’s 50-day moving average is $73.48 and its two-hundred day moving average is $71.80. The stock has a market cap of $14.97 billion, a PE ratio of 25.36 and a beta of 0.92.

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.