Sax Wealth Advisors LLC Has $33.73 Million Stock Position in Invesco S&P 500 Quality ETF $SPHQ

Sax Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 20.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 449,419 shares of the company’s stock after buying an additional 76,373 shares during the period. Invesco S&P 500 Quality ETF accounts for approximately 1.6% of Sax Wealth Advisors LLC’s holdings, making the stock its 13th biggest position. Sax Wealth Advisors LLC owned about 0.22% of Invesco S&P 500 Quality ETF worth $33,729,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Optivise Advisory Services LLC lifted its position in Invesco S&P 500 Quality ETF by 31.3% during the 4th quarter. Optivise Advisory Services LLC now owns 12,825 shares of the company’s stock worth $962,000 after acquiring an additional 3,060 shares during the last quarter. Bath Savings Trust Co grew its position in shares of Invesco S&P 500 Quality ETF by 172.4% in the fourth quarter. Bath Savings Trust Co now owns 14,876 shares of the company’s stock valued at $1,116,000 after purchasing an additional 9,414 shares during the last quarter. Focus Financial Network Inc. increased its stake in shares of Invesco S&P 500 Quality ETF by 2.2% in the fourth quarter. Focus Financial Network Inc. now owns 239,483 shares of the company’s stock worth $17,973,000 after purchasing an additional 5,228 shares during the period. Graves Light Lenhart Wealth Inc. increased its stake in shares of Invesco S&P 500 Quality ETF by 1.9% in the fourth quarter. Graves Light Lenhart Wealth Inc. now owns 237,015 shares of the company’s stock worth $17,788,000 after purchasing an additional 4,409 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 3.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,915,919 shares of the company’s stock worth $611,604,000 after purchasing an additional 253,950 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Up 0.3%

Shares of NYSEARCA:SPHQ opened at $76.48 on Thursday. The business has a 50 day moving average price of $78.22 and a 200 day moving average price of $75.66. Invesco S&P 500 Quality ETF has a twelve month low of $57.67 and a twelve month high of $81.04. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92.

About Invesco S&P 500 Quality ETF

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.