Sax Wealth Advisors LLC Has $27.34 Million Holdings in Invesco S&P 500 Quality ETF $SPHQ

Sax Wealth Advisors LLC raised its position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 42.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,046 shares of the company’s stock after purchasing an additional 111,493 shares during the period. Invesco S&P 500 Quality ETF accounts for about 1.5% of Sax Wealth Advisors LLC’s investment portfolio, making the stock its 14th largest position. Sax Wealth Advisors LLC owned approximately 0.18% of Invesco S&P 500 Quality ETF worth $27,341,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Baird Financial Group Inc. raised its holdings in shares of Invesco S&P 500 Quality ETF by 458.9% during the 2nd quarter. Baird Financial Group Inc. now owns 208,184 shares of the company’s stock valued at $14,835,000 after purchasing an additional 170,936 shares in the last quarter. Crestwood Advisors Group LLC increased its position in Invesco S&P 500 Quality ETF by 3.4% during the second quarter. Crestwood Advisors Group LLC now owns 39,672 shares of the company’s stock worth $2,827,000 after buying an additional 1,323 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in Invesco S&P 500 Quality ETF by 14.8% during the third quarter. Redhawk Wealth Advisors Inc. now owns 53,100 shares of the company’s stock valued at $3,892,000 after buying an additional 6,850 shares in the last quarter. CW Advisors LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 72.8% in the second quarter. CW Advisors LLC now owns 17,122 shares of the company’s stock worth $1,220,000 after buying an additional 7,216 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco S&P 500 Quality ETF by 9.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,843,952 shares of the company’s stock worth $131,400,000 after acquiring an additional 161,638 shares in the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

Shares of NYSEARCA SPHQ opened at $75.74 on Wednesday. The business’s 50-day simple moving average is $74.48 and its 200-day simple moving average is $72.98. Invesco S&P 500 Quality ETF has a 52 week low of $57.67 and a 52 week high of $76.60. The firm has a market cap of $15.44 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.