Synovus Financial Corp lowered its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 13.8% during the first quarter, Holdings Channel reports. The institutional investor owned 14,272 shares of the company’s stock after selling 2,279 shares during the period. Synovus Financial Corp’s holdings in Invesco S&P 500 Quality ETF were worth $947,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of SPHQ. Fourth Dimension Wealth LLC acquired a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $26,000. Bernard Wealth Management Corp. acquired a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $26,000. Highline Wealth Partners LLC acquired a new position in Invesco S&P 500 Quality ETF in the 1st quarter valued at about $33,000. 10Elms LLP acquired a new position in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $35,000. Finally, REAP Financial Group LLC grew its stake in Invesco S&P 500 Quality ETF by 252.0% in the 4th quarter. REAP Financial Group LLC now owns 528 shares of the company’s stock valued at $35,000 after buying an additional 378 shares during the last quarter.
Invesco S&P 500 Quality ETF Stock Performance
Shares of SPHQ opened at $72.53 on Thursday. Invesco S&P 500 Quality ETF has a 52 week low of $57.67 and a 52 week high of $73.00. The firm has a market cap of $14.85 billion, a P/E ratio of 25.36 and a beta of 0.94. The firm’s 50-day simple moving average is $71.63 and its 200 day simple moving average is $69.00.
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.
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