Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) is Wealth Management Resources Inc.’s Largest Position

Wealth Management Resources Inc. boosted its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 132.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 502,362 shares of the company’s stock after purchasing an additional 286,391 shares during the quarter. Invesco S&P 500 Quality ETF comprises approximately 12.4% of Wealth Management Resources Inc.’s portfolio, making the stock its biggest holding. Wealth Management Resources Inc. owned approximately 0.34% of Invesco S&P 500 Quality ETF worth $33,673,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SPHQ. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco S&P 500 Quality ETF by 5.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock valued at $527,025,000 after purchasing an additional 376,770 shares during the last quarter. LPL Financial LLC grew its position in Invesco S&P 500 Quality ETF by 1.9% during the third quarter. LPL Financial LLC now owns 7,743,714 shares of the company’s stock valued at $520,920,000 after acquiring an additional 141,687 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC grew its position in Invesco S&P 500 Quality ETF by 5.4% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock valued at $514,378,000 after acquiring an additional 393,229 shares during the last quarter. FMR LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 4.5% during the third quarter. FMR LLC now owns 4,263,355 shares of the company’s stock worth $286,796,000 after acquiring an additional 184,895 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 10.4% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 2,093,687 shares of the company’s stock worth $140,888,000 after acquiring an additional 197,353 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ stock opened at $69.41 on Friday. The firm has a market cap of $10.37 billion, a P/E ratio of 22.60 and a beta of 0.98. The firm’s fifty day moving average is $68.17 and its 200 day moving average is $66.66. Invesco S&P 500 Quality ETF has a 52 week low of $55.67 and a 52 week high of $69.97.

Invesco S&P 500 Quality ETF Company 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.