Sax Wealth Advisors LLC Has $33.73 Million Stock Position in Invesco S&P 500 Quality ETF $SPHQ

Sax Wealth Advisors LLC increased its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 20.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 449,419 shares of the company’s stock after acquiring an additional 76,373 shares during the quarter. Invesco S&P 500 Quality ETF comprises approximately 1.6% of Sax Wealth Advisors LLC’s holdings, making the stock its 13th largest holding. Sax Wealth Advisors LLC’s holdings in Invesco S&P 500 Quality ETF were worth $33,729,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Optivise Advisory Services LLC boosted its holdings in Invesco S&P 500 Quality ETF by 31.3% in the 4th quarter. Optivise Advisory Services LLC now owns 12,825 shares of the company’s stock valued at $962,000 after purchasing an additional 3,060 shares during the period. Bath Savings Trust Co increased its holdings in shares of Invesco S&P 500 Quality ETF by 172.4% during the 4th quarter. Bath Savings Trust Co now owns 14,876 shares of the company’s stock worth $1,116,000 after purchasing an additional 9,414 shares during the period. Focus Financial Network Inc. increased its holdings in shares of Invesco S&P 500 Quality ETF by 2.2% during the 4th quarter. Focus Financial Network Inc. now owns 239,483 shares of the company’s stock worth $17,973,000 after purchasing an additional 5,228 shares during the period. Graves Light Lenhart Wealth Inc. raised its position in shares of Invesco S&P 500 Quality ETF by 1.9% during the fourth quarter. Graves Light Lenhart Wealth Inc. now owns 237,015 shares of the company’s stock valued at $17,788,000 after buying an additional 4,409 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Invesco S&P 500 Quality ETF by 3.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 7,915,919 shares of the company’s stock valued at $611,604,000 after buying an additional 253,950 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

NYSEARCA SPHQ opened at $76.48 on Thursday. Invesco S&P 500 Quality ETF has a twelve month low of $57.67 and a twelve month high of $81.04. The stock has a market cap of $15.62 billion, a PE ratio of 25.36 and a beta of 0.92. The firm has a 50-day simple moving average of $78.22 and a 200 day simple moving average of $75.66.

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.