Sherman Wealth Management LLC Invests $1 Million in Invesco S&P 500 Quality ETF $SPHQ

Sherman Wealth Management LLC acquired a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the fourth quarter, Holdings Channel.com reports. The fund acquired 13,366 shares of the company’s stock, valued at approximately $1,003,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. increased its position in Invesco S&P 500 Quality ETF by 9.7% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 58,271 shares of the company’s stock valued at $4,373,000 after buying an additional 5,171 shares in the last quarter. Spire Wealth Management grew its stake in shares of Invesco S&P 500 Quality ETF by 6.0% during the fourth quarter. Spire Wealth Management now owns 7,619 shares of the company’s stock worth $572,000 after acquiring an additional 433 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at about $853,000. Bell Bank raised its position in shares of Invesco S&P 500 Quality ETF by 4.0% in the 4th quarter. Bell Bank now owns 30,216 shares of the company’s stock valued at $2,268,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Verum Partners LLC boosted its stake in Invesco S&P 500 Quality ETF by 0.3% in the 4th quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock worth $3,772,000 after purchasing an additional 141 shares in 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 Monday. The firm’s 50 day simple moving average is $78.10 and its two-hundred day simple moving average is $75.71. The firm has a market capitalization of $15.14 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. Invesco S&P 500 Quality ETF has a 12-month low of $57.67 and a 12-month high of $81.04.

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.