Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Hits New 1-Year High – Here’s What Happened

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $75.38 and last traded at $75.38, with a volume of 247 shares. The stock had previously closed at $74.90.

Invesco S&P 500 Quality ETF Trading Down 0.3%

The firm has a market cap of $15.22 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. The stock has a fifty day moving average price of $73.67 and a 200 day moving average price of $72.27.

Institutional Trading of Invesco S&P 500 Quality ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Berkshire Money Management Inc. acquired a new position in Invesco S&P 500 Quality ETF in the 2nd quarter valued at $28,000. Independence Bank of Kentucky bought a new stake in Invesco S&P 500 Quality ETF during the second quarter valued at about $33,000. Ancora Advisors LLC bought a new stake in Invesco S&P 500 Quality ETF during the third quarter valued at about $35,000. Dunhill Financial LLC grew its position in shares of Invesco S&P 500 Quality ETF by 10,060.0% in the third quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock valued at $37,000 after purchasing an additional 503 shares during the last quarter. Finally, Burkett Financial Services LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the third quarter worth about $37,000.

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.