PNC Financial Services Group Inc. Trims Stock Position in Invesco S&P 500 Quality ETF $SPHQ

PNC Financial Services Group Inc. decreased its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 900,843 shares of the company’s stock after selling 73,369 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $67,734,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the 1st quarter valued at about $27,000. Florida Financial Advisors LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 19.2% during the 1st quarter. Florida Financial Advisors LLC now owns 8,294 shares of the company’s stock valued at $624,000 after acquiring an additional 1,337 shares during the period. Parallel Advisors LLC increased its holdings in Invesco S&P 500 Quality ETF by 1.4% in the 1st quarter. Parallel Advisors LLC now owns 62,448 shares of the company’s stock worth $4,696,000 after acquiring an additional 869 shares in the last quarter. Hershey Financial Advisers LLC increased its holdings in Invesco S&P 500 Quality ETF by 28.8% in the 1st quarter. Hershey Financial Advisers LLC now owns 28,305 shares of the company’s stock worth $2,128,000 after acquiring an additional 6,334 shares in the last quarter. Finally, MTM Investment Management LLC raised its stake in Invesco S&P 500 Quality ETF by 100.0% during the 1st quarter. MTM Investment Management LLC now owns 700 shares of the company’s stock worth $53,000 after acquiring an additional 350 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

Shares of NYSEARCA SPHQ opened at $85.08 on Friday. The stock has a market cap of $19.47 billion, a PE ratio of 25.36 and a beta of 0.90. Invesco S&P 500 Quality ETF has a 1 year low of $70.40 and a 1 year high of $90.36. The firm has a fifty day moving average price of $86.38 and a 200-day moving average price of $81.27.

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.