Tsfg LLC has reduced its holdings in the Invesco S&P 500 Quality ETF (NYSEARCA: SPHQ) by 13.2% during the second quarter of 2023. This reduction was disclosed in the firm’s latest filing with the U.S. Securities and Exchange Commission (SEC). Following the sale of 30,618 shares, Tsfg LLC now holds 201,653 shares, with these shares accounting for approximately 2.6% of the firm’s investment portfolio, making it the ninth largest position.
As of the most recent filing, Tsfg LLC’s total investment in the Invesco S&P 500 Quality ETF is valued at around $14,370,000. The ETF, designed to track the performance of high-quality U.S. large-cap stocks, reflects a strategic shift as Tsfg LLC adjusts its investment strategy amidst changing market conditions.
Several other institutional investors and hedge funds have also made notable adjustments to their holdings in the Invesco S&P 500 Quality ETF. For instance, Brighton Jones LLC increased its stake by 4.0% during the fourth quarter, acquiring an additional 151 shares to reach a total of 3,948 shares, valued at $265,000.
In a similar move, Gateway Wealth Partners LLC raised its investment in the ETF by 2.8% in the first quarter, now owning 5,551 shares worth $368,000 after purchasing an additional 152 shares. Bogart Wealth LLC also expanded its stake significantly, increasing it by 19.2% in the second quarter, bringing its total to 964 shares valued at $69,000.
Trek Financial LLC and Trivium Point Advisory LLC have made minor increases in their holdings as well. Trek Financial raised its position by 3.1% to own 5,677 shares valued at $377,000, while Trivium Point Advisory increased its stake by 1.9%, now holding 11,390 shares worth $756,000.
As of the latest trading session, shares of the Invesco S&P 500 Quality ETF opened at $74.06, reflecting a slight decrease of 0.1%. The ETF boasts a market capitalization of $15.10 billion, with a price-to-earnings (P/E) ratio of 25.36 and a beta of 0.92. Its performance over the past year has seen a low of $57.67 and a high of $75.03.
The Invesco S&P 500 Quality ETF seeks to invest in stocks identified for their strong return on equity, improvements in net operating assets, and sound financial leverage. Stocks within the ETF are weighted according to these quality criteria, scaled by market capitalization.
For further insights into the holdings and performance of the Invesco S&P 500 Quality ETF, investors can refer to resources that track 13F filings and insider trades.
