Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 52-Week High – What’s Next?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $83.50 and last traded at $83.50, with a volume of 622315 shares. The stock had previously closed at $83.23.

Invesco S&P 500 Quality ETF Trading Up 1.1%

The stock has a 50 day simple moving average of $79.09 and a 200 day simple moving average of $77.45. The stock has a market cap of $18.02 billion, a P/E ratio of 25.36 and a beta of 0.91.

Institutional Investors Weigh In On Invesco S&P 500 Quality ETF

Large investors have recently modified their holdings of the business. MTM Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 1st quarter valued at $27,000. Bell Investment Advisors Inc acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 1st quarter valued at $28,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at $33,000.

Invesco S&P 500 Quality ETF Company 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.