Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Get Free Report) saw strong trading volume on Wednesday . 3,303,200 shares were traded during mid-day trading, an increase of 94% from the previous session’s volume of 1,703,803 shares.The stock last traded at $86.91 and had previously closed at $86.69.
Invesco S&P 500 Quality ETF Stock Performance
The business has a fifty day simple moving average of $86.78 and a 200 day simple moving average of $82.38. The stock has a market cap of $19.84 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.
Institutional Trading of Invesco S&P 500 Quality ETF
A number of large investors have recently made changes to their positions in the stock. Redhawk Wealth Advisors Inc. increased its position in Invesco S&P 500 Quality ETF by 22.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 253,355 shares of the company’s stock worth $22,827,000 after purchasing an additional 45,953 shares in the last quarter. Sherman Wealth Management LLC lifted its holdings in Invesco S&P 500 Quality ETF by 7.7% in the 2nd quarter. Sherman Wealth Management LLC now owns 20,975 shares of the company’s stock valued at $1,890,000 after purchasing an additional 1,507 shares in the last quarter. Professional Financial Advisors LLC purchased a new position in Invesco S&P 500 Quality ETF in the 2nd quarter valued at about $266,000. HF Advisory Group LLC boosted its stake in shares of Invesco S&P 500 Quality ETF by 0.8% during the 2nd quarter. HF Advisory Group LLC now owns 25,543 shares of the company’s stock worth $2,301,000 after purchasing an additional 196 shares during the last quarter. Finally, Topor & Co. Korea grew its holdings in shares of Invesco S&P 500 Quality ETF by 0.7% during the second quarter. Topor & Co. Korea now owns 49,918 shares of the company’s stock worth $4,498,000 after buying an additional 329 shares in the last quarter.
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.
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