121,595 Invesco S&P 500 Quality ETF $SPHQ Shares Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 22.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 663,646 shares of the company’s stock after purchasing an additional 121,595 shares during the quarter. Invesco S&P 500 Quality ETF makes up 1.6% of Sax Wealth Advisors LLC’s portfolio, making the stock its 11th largest holding. Sax Wealth Advisors LLC owned about 0.30% of Invesco S&P 500 Quality ETF worth $55,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P 500 Quality ETF by 236.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock valued at $606,532,000 after purchasing an additional 4,733,411 shares during the period. Independence Asset Advisors LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the first quarter worth about $73,856,000. Rockefeller Capital Management L.P. raised its stake in Invesco S&P 500 Quality ETF by 440.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 657,603 shares of the company’s stock valued at $49,353,000 after purchasing an additional 535,929 shares during the last quarter. Union Savings Bank acquired a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter valued at $36,173,000. Finally, Kestra Advisory Services LLC boosted its holdings in Invesco S&P 500 Quality ETF by 363.1% during the first quarter. Kestra Advisory Services LLC now owns 455,118 shares of the company’s stock valued at $34,220,000 after purchasing an additional 356,849 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.5%

NYSEARCA SPHQ traded down $0.46 during trading hours on Tuesday, reaching $85.06. 420,869 shares of the company’s stock were exchanged, compared to its average volume of 1,607,885. The firm has a fifty day moving average of $85.34 and a 200-day moving average of $84.15. Invesco S&P 500 Quality ETF has a one year low of $71.57 and a one year high of $90.36. The stock has a market cap of $18.92 billion, a PE ratio of 25.36 and a beta of 0.91.

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.