---
title: Diversifying While Maintaining Quality - Heritage Wealth Advisors
description: We recently updated our U.S. large-cap equity targets, shifting a portion of our core equity holdings to the S&P
---

[News and Insights | Heritage Wealth Advisors ](https://insights.heritagewealth.net/blog)

# [Diversifying While Maintaining Quality - Heritage Wealth Advisors](https://insights.heritagewealth.net/blog/diversifying-while-maintaining-quality-sphq)

 Written by [Cary Baronian](https://insights.heritagewealth.net/blog/author/cary-baronian) | Jan 13, 2026 1:07:18 PM

We recently updated our U.S. large-cap equity targets, shifting a portion of our core equity holdings to the **S&P 500 Quality ETF (symbol: SPHQ)**. 

Over the past year, we have observed increasing federal government involvement in corporate outcomes, which we believe is raising both industry-and company-specific risk. A recent example is the President’s announcement that defense companies will face restrictions on dividends and share repurchases until production objectives are met.

In this environment, we see a strengthening case for broader diversification while remaining true to our philosophy of owning high-quality assets at fair prices. We are augmenting our core equity holdings with the S&P 500 Quality ETF, a low-cost, passive ETF that possesses similar characteristics.

SPHQ holds approximately 100 companies selected from the S&P 500 based on a composite quality score derived from multiple fundamental measures.  
We continue to manage portfolios with a forward-looking mindset, seeking to optimize risk-adjusted outcomes for clients.   

We hope this summary is helpful. Please feel free to reach out with any questions.

[View full post](https://insights.heritagewealth.net/blog/diversifying-while-maintaining-quality-sphq)

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