Sherman Wealth Management LLC Takes Position in Invesco S&P 500 Quality ETF $SPHQ

Sherman Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,216 shares of the company’s stock, valued at approximately $895,000.

Other hedge funds also recently bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in Invesco S&P 500 Quality ETF in the third quarter worth approximately $35,000. Burkett Financial Services LLC purchased a new position in shares of Invesco S&P 500 Quality ETF during the third quarter worth approximately $37,000. Dunhill Financial LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 10,060.0% during the third quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 503 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $47,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 197.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 779 shares of the company’s stock worth $57,000 after acquiring an additional 517 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of Invesco S&P 500 Quality ETF stock opened at $74.11 on Friday. Invesco S&P 500 Quality ETF has a 52-week low of $57.67 and a 52-week high of $81.04. The company has a fifty day moving average of $78.10 and a 200-day moving average of $75.66. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92.

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.