Balanced Wealth Group LLC Invests $736,000 in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)

Balanced Wealth Group LLC purchased a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the 4th quarter, Holdings Channel.com reports. The fund purchased 13,618 shares of the company’s stock, valued at approximately $736,000.

A number of other large investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 105.8% in the third quarter. Wolff Wiese Magana LLC now owns 566 shares of the company’s stock worth $28,000 after purchasing an additional 291 shares during the last quarter. Sound Income Strategies LLC boosted its position in Invesco S&P 500 Quality ETF by 149.6% during the 4th quarter. Sound Income Strategies LLC now owns 579 shares of the company’s stock worth $31,000 after acquiring an additional 347 shares during the period. GPS Wealth Strategies Group LLC increased its position in Invesco S&P 500 Quality ETF by 275.6% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 661 shares of the company’s stock worth $36,000 after purchasing an additional 485 shares during the period. Glass Jacobson Investment Advisors llc acquired a new stake in shares of Invesco S&P 500 Quality ETF during the fourth quarter worth about $50,000. Finally, Halpern Financial Inc. bought a new stake in Invesco S&P 500 Quality ETF in the 4th quarter valued at $53,000.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ traded up $0.03 during midday trading on Wednesday, reaching $59.77. 592,665 shares of the company were exchanged, compared to its average volume of 1,034,950. Invesco S&P 500 Quality ETF has a one year low of $47.00 and a one year high of $60.77. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 21.94 and a beta of 0.97. The company’s fifty day moving average price is $59.32 and its 200 day moving average price is $55.66.

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.