Stonehearth Capital Management LLC Makes New $1.29 Million Investment in Invesco S&P 500 Quality ETF $SPHQ

Stonehearth Capital Management LLC purchased a new stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,368 shares of the company’s stock, valued at approximately $1,292,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Signal Advisors Wealth LLC boosted its holdings in Invesco S&P 500 Quality ETF by 17.7% during the third quarter. Signal Advisors Wealth LLC now owns 5,447 shares of the company’s stock worth $458,000 after buying an additional 820 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Invesco S&P 500 Quality ETF during the third quarter worth about $263,000. Trinity Wealth Management LLC increased its holdings in Invesco S&P 500 Quality ETF by 0.9% in the third quarter. Trinity Wealth Management LLC now owns 36,102 shares of the company’s stock valued at $3,035,000 after buying an additional 332 shares in the last quarter. Courier Capital LLC purchased a new position in Invesco S&P 500 Quality ETF in the third quarter valued at about $636,000. Finally, Sax Wealth Advisors LLC increased its holdings in Invesco S&P 500 Quality ETF by 22.4% in the third quarter. Sax Wealth Advisors LLC now owns 663,646 shares of the company’s stock valued at $55,799,000 after buying an additional 121,595 shares in the last quarter.

Invesco S&P 500 Quality ETF Trading Down 0.1%

SPHQ stock opened at $85.43 on Wednesday. The firm has a 50 day moving average of $85.30 and a 200-day moving average of $84.21. Invesco S&P 500 Quality ETF has a 12-month low of $71.57 and a 12-month high of $90.36. The company has a market cap of $19.06 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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.