MAI Capital Management Lowers Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

MAI Capital Management trimmed its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 7.8% during the third quarter, Holdings Channel.com reports. The fund owned 121,355 shares of the company’s stock after selling 10,270 shares during the period. MAI Capital Management’s holdings in Invesco S&P 500 Quality ETF were worth $8,164,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SPHQ. SYM FINANCIAL Corp purchased a new stake in Invesco S&P 500 Quality ETF in the second quarter valued at approximately $28,000. Abich Financial Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter valued at $38,000. Blue Trust Inc. acquired a new position in Invesco S&P 500 Quality ETF during the 3rd quarter worth about $43,000. ORG Partners LLC acquired a new position in Invesco S&P 500 Quality ETF during the 2nd quarter worth about $45,000. Finally, Pineridge Advisors LLC purchased a new position in Invesco S&P 500 Quality ETF during the 1st quarter valued at about $47,000.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA:SPHQ opened at $67.36 on Tuesday. The firm has a market capitalization of $10.07 billion, a PE ratio of 22.60 and a beta of 0.98. Invesco S&P 500 Quality ETF has a 1 year low of $51.50 and a 1 year high of $68.75. The firm’s 50-day moving average is $67.10 and its two-hundred day moving average is $64.75.

Invesco S&P 500 Quality ETF Company 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.