Sax Wealth Advisors LLC increased its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Free Report) by 42.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 373,046 shares of the company’s stock after buying an additional 111,493 shares during the quarter. Invesco S&P 500 Quality ETF comprises approximately 1.5% of Sax Wealth Advisors LLC’s portfolio, making the stock its 14th largest holding. Sax Wealth Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $27,341,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Berkshire Money Management Inc. bought a new position in shares of Invesco S&P 500 Quality ETF during the 2nd quarter worth approximately $28,000. Independence Bank of Kentucky bought a new stake in Invesco S&P 500 Quality ETF in the second quarter valued at $33,000. Resources Management Corp CT ADV acquired a new position in Invesco S&P 500 Quality ETF during the first quarter worth $44,000. Bogart Wealth LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 19.2% during the second quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock valued at $69,000 after acquiring an additional 155 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 2nd quarter valued at $72,000.
Invesco S&P 500 Quality ETF Stock Down 0.4%
Shares of Invesco S&P 500 Quality ETF stock opened at $75.74 on Wednesday. The stock has a market capitalization of $15.44 billion, a P/E ratio of 25.36 and a beta of 0.92. The company has a 50-day simple moving average of $74.48 and a 200 day simple moving average of $72.98. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $76.60.
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.
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