Invesco S&P 500 Quality ETF $SPHQ Holdings Boosted by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 22.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 663,646 shares of the company’s stock after buying an additional 121,595 shares during the period. Invesco S&P 500 Quality ETF accounts for approximately 1.6% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Sax Wealth Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $55,799,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Fragasso Financial Advisors Inc bought a new position in shares of Invesco S&P 500 Quality ETF in the 3rd quarter worth about $2,250,000. Avior Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $4,864,000. HF Advisory Group LLC increased its holdings in Invesco S&P 500 Quality ETF by 2.2% in the 3rd quarter. HF Advisory Group LLC now owns 26,098 shares of the company’s stock worth $2,194,000 after acquiring an additional 555 shares during the last quarter. Dupree Financial Group LLC grew its stake in Invesco S&P 500 Quality ETF by 2.7% in the 3rd quarter. Dupree Financial Group LLC now owns 11,441 shares of the company’s stock valued at $962,000 after buying an additional 301 shares in the last quarter. Finally, Argus Investors Counsel Inc. bought a new position in shares of Invesco S&P 500 Quality ETF in the third quarter valued at approximately $596,000.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA SPHQ traded down $0.46 during trading hours on Tuesday, reaching $85.06. 420,869 shares of the stock traded hands, compared to its average volume of 1,607,885. The company has a market cap of $18.92 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The stock has a 50 day simple moving average of $85.34 and a two-hundred day simple moving average of $84.15. Invesco S&P 500 Quality ETF has a 1 year low of $71.57 and a 1 year high of $90.36.

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.