OakTrust Wealth Advisors LLC Makes New Investment in Invesco S&P 500 Quality ETF $SPHQ

OakTrust Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 64,761 shares of the company’s stock, valued at approximately $4,860,000. Invesco S&P 500 Quality ETF makes up approximately 4.5% of OakTrust Wealth Advisors LLC’s portfolio, making the stock its 8th biggest position.

A number of other hedge funds have also made changes to their positions in SPHQ. MTM Investment Management LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 4th quarter worth approximately $26,000. IFC & Insurance Marketing Inc. bought a new stake in Invesco S&P 500 Quality ETF during the fourth quarter worth approximately $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Invesco S&P 500 Quality ETF during the fourth quarter worth approximately $33,000. Ancora Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF during the third quarter valued at approximately $35,000. Finally, Burkett Financial Services LLC acquired a new position in Invesco S&P 500 Quality ETF during the third quarter valued at approximately $37,000.

Invesco S&P 500 Quality ETF Stock Up 1.2%

NYSEARCA:SPHQ opened at $89.36 on Friday. The company’s 50 day moving average is $83.11 and its 200-day moving average is $79.19. Invesco S&P 500 Quality ETF has a 12 month low of $68.89 and a 12 month high of $89.94. The firm has a market cap of $19.02 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.