Invesco S&P 500 Quality ETF $SPHQ Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 21.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 542,051 shares of the company’s stock after acquiring an additional 95,095 shares during the quarter. Invesco S&P 500 Quality ETF makes up approximately 1.8% of Sax Wealth Advisors LLC’s holdings, making the stock its 10th largest position. Sax Wealth Advisors LLC owned 0.24% of Invesco S&P 500 Quality ETF worth $48,839,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Invesco S&P 500 Quality ETF by 35.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,282 shares of the company’s stock worth $836,000 after purchasing an additional 2,451 shares during the last quarter. Beacon Investment Advisory Services Inc. increased its stake in Invesco S&P 500 Quality ETF by 442.8% during the second quarter. Beacon Investment Advisory Services Inc. now owns 1,243 shares of the company’s stock valued at $112,000 after purchasing an additional 1,014 shares during the last quarter. RVW Wealth LLC increased its stake in Invesco S&P 500 Quality ETF by 3.5% during the second quarter. RVW Wealth LLC now owns 29,600 shares of the company’s stock valued at $2,667,000 after purchasing an additional 993 shares during the last quarter. Trinity Wealth Management LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 154.0% during the second quarter. Trinity Wealth Management LLC now owns 35,770 shares of the company’s stock worth $3,223,000 after purchasing an additional 21,689 shares during the period. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 22.9% during the second quarter. Dynamic Advisor Solutions LLC now owns 50,643 shares of the company’s stock worth $4,563,000 after purchasing an additional 9,441 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

Invesco S&P 500 Quality ETF stock opened at $85.97 on Friday. The firm’s 50-day moving average is $86.63 and its 200-day moving average is $81.87. Invesco S&P 500 Quality ETF has a 1 year low of $71.40 and a 1 year high of $90.36. The company has a market cap of $19.74 billion, a P/E ratio of 25.36 and a beta of 0.91.

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.