Cedar Wealth Management LLC Acquires 15,428 Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Cedar Wealth Management LLC grew its holdings in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,060 shares of the company’s stock after purchasing an additional 15,428 shares during the period. Invesco S&P 500 Quality ETF comprises approximately 2.3% of Cedar Wealth Management LLC’s investment portfolio, making the stock its 9th biggest holding. Cedar Wealth Management LLC owned approximately 0.06% of Invesco S&P 500 Quality ETF worth $6,372,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Millstone Evans Group LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at $33,000. Truvestments Capital LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the third quarter valued at $34,000. Briaud Financial Planning Inc bought a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at $34,000. Luken Investment Analytics LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at $40,000. Finally, Lee Danner & Bass Inc. bought a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at $40,000.

Invesco S&P 500 Quality ETF Trading Down 0.4 %

NYSEARCA:SPHQ opened at $66.43 on Friday. Invesco S&P 500 Quality ETF has a 1-year low of $57.17 and a 1-year high of $71.22. The firm has a fifty day simple moving average of $68.92 and a 200 day simple moving average of $67.98. The stock has a market capitalization of $11.49 billion, a PE ratio of 27.16 and a beta of 0.93.

Invesco S&P 500 Quality ETF 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.