Alta Wealth Advisors LLC Makes New Investment in Invesco S&P 500 Quality ETF $SPHQ

Alta Wealth Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,932 shares of the company’s stock, valued at approximately $655,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after purchasing an additional 151 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Invesco S&P 500 Quality ETF by 51.2% during the 1st quarter. AQR Capital Management LLC now owns 5,854 shares of the company’s stock valued at $388,000 after buying an additional 1,983 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Invesco S&P 500 Quality ETF in the first quarter valued at about $875,000. Jane Street Group LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 29.2% in the first quarter. Jane Street Group LLC now owns 9,937 shares of the company’s stock valued at $659,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 349.8% in the second quarter. Farther Finance Advisors LLC now owns 3,306 shares of the company’s stock worth $236,000 after acquiring an additional 2,571 shares during the period.

Invesco S&P 500 Quality ETF Stock Performance

SPHQ opened at $77.30 on Tuesday. The company has a fifty day moving average of $75.57 and a 200 day moving average of $73.78. Invesco S&P 500 Quality ETF has a fifty-two week low of $57.67 and a fifty-two week high of $78.09. The stock has a market capitalization of $15.73 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.