Invesco S&P 500 Quality ETF $SPHQ is Wealth Management Resources Inc.’s Largest Position

Wealth Management Resources Inc. raised its holdings in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 528,305 shares of the company’s stock after acquiring an additional 10,006 shares during the period. Invesco S&P 500 Quality ETF comprises approximately 12.5% of Wealth Management Resources Inc.’s portfolio, making the stock its biggest holding. Wealth Management Resources Inc. owned about 0.26% of Invesco S&P 500 Quality ETF worth $38,719,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 4.0% during the 4th 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. Comerica Bank boosted its position in Invesco S&P 500 Quality ETF by 11.0% during the first quarter. Comerica Bank now owns 77,688 shares of the company’s stock valued at $5,154,000 after buying an additional 7,730 shares during the period. CreativeOne Wealth LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the first quarter valued at about $479,000. Baird Financial Group Inc. increased its holdings in shares of Invesco S&P 500 Quality ETF by 102.9% in the first quarter. Baird Financial Group Inc. now owns 37,248 shares of the company’s stock worth $2,471,000 after buying an additional 18,893 shares during the period. Finally, Betterment LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 56.5% in the first quarter. Betterment LLC now owns 6,838 shares of the company’s stock worth $454,000 after buying an additional 2,468 shares during the period.

Invesco S&P 500 Quality ETF Price Performance

Shares of SPHQ stock opened at $76.33 on Friday. The business has a 50-day moving average of $74.42 and a 200 day moving average of $72.89. Invesco S&P 500 Quality ETF has a 1-year low of $57.67 and a 1-year high of $76.60. The stock has a market capitalization of $15.56 billion, a PE ratio of 25.36 and a beta of 0.92.

Invesco S&P 500 Quality ETF Company 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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.