OakTrust Wealth Advisors LLC Buys Shares of 64,761 Invesco S&P 500 Quality ETF $SPHQ

OakTrust Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 64,761 shares of the company’s stock, valued at approximately $4,860,000. Invesco S&P 500 Quality ETF makes up about 4.5% of OakTrust Wealth Advisors LLC’s holdings, making the stock its 8th biggest holding.

Other hedge funds also recently modified their holdings of the company. MTM Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth $26,000. IFC & Insurance Marketing Inc. acquired a new position in Invesco S&P 500 Quality ETF during the 4th quarter valued at $29,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Invesco S&P 500 Quality ETF in the 4th quarter valued at $33,000. Ancora Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at $35,000. Finally, Burkett Financial Services LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter worth $37,000.

Invesco S&P 500 Quality ETF Price Performance

NYSEARCA SPHQ opened at $89.36 on Friday. The company’s fifty day moving average is $83.11 and its two-hundred day moving average is $79.19. Invesco S&P 500 Quality ETF has a 52-week low of $68.89 and a 52-week high of $89.94. The firm has a market capitalization of $19.02 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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.