Franklin Resources Inc. Has $170,000 Stock Position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Franklin Resources Inc. cut its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,500 shares of the company’s stock after selling 158 shares during the period. Franklin Resources Inc.’s holdings in Invesco S&P 500 Quality ETF were worth $170,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Silver Lake Advisory LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the second quarter worth about $35,759,000. Foundations Investment Advisors LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 2nd quarter valued at $422,000. Beaumont Asset Management L.L.C. raised its stake in Invesco S&P 500 Quality ETF by 1.6% during the second quarter. Beaumont Asset Management L.L.C. now owns 57,062 shares of the company’s stock worth $3,626,000 after acquiring an additional 922 shares in the last quarter. KM Capital Management Ltd. acquired a new position in Invesco S&P 500 Quality ETF during the 2nd quarter worth approximately $278,000. Finally, TD Capital Management LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 6.9% in the 2nd quarter. TD Capital Management LLC now owns 118,538 shares of the company’s stock valued at $7,532,000 after acquiring an additional 7,666 shares during the last quarter.

Invesco S&P 500 Quality ETF Price Performance

SPHQ opened at $66.86 on Friday. Invesco S&P 500 Quality ETF has a fifty-two week low of $53.04 and a fifty-two week high of $69.97. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. The company’s 50 day moving average price is $68.01 and its two-hundred day moving average price is $66.28.

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.