Sherman Wealth Management LLC Invests $895,000 in Invesco S&P 500 Quality ETF $SPHQ

Sherman Wealth Management LLC bought a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 12,216 shares of the company’s stock, valued at approximately $895,000.

Several other institutional investors also recently bought and sold shares of SPHQ. Brighton Jones LLC lifted its position in Invesco S&P 500 Quality ETF by 4.0% in the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after purchasing an additional 151 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 51.2% in the first quarter. AQR Capital Management LLC now owns 5,854 shares of the company’s stock worth $388,000 after purchasing an additional 1,983 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the first quarter worth approximately $875,000. Jane Street Group LLC increased its stake in shares of Invesco S&P 500 Quality ETF by 29.2% in the first quarter. Jane Street Group LLC now owns 9,937 shares of the company’s stock worth $659,000 after buying an additional 2,248 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Invesco S&P 500 Quality ETF by 10.6% in the second quarter. JPMorgan Chase & Co. now owns 278,848 shares of the company’s stock worth $19,871,000 after buying an additional 26,711 shares during the period.

Invesco S&P 500 Quality ETF Stock Down 1.1%

NYSEARCA:SPHQ opened at $74.11 on Friday. The firm has a market capitalization of $15.14 billion, a P/E ratio of 25.36 and a beta of 0.92. The company has a fifty day moving average of $78.10 and a 200 day moving average of $75.66. Invesco S&P 500 Quality ETF has a 52 week low of $57.67 and a 52 week high of $81.04.

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.