Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 12-Month High – Time to Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $75.36 and last traded at $75.36, with a volume of 1008014 shares trading hands. The stock had previously closed at $74.45.

Invesco S&P 500 Quality ETF Trading Up 1.3%

The firm’s 50 day moving average is $73.82 and its two-hundred day moving average is $72.42. The firm has a market cap of $15.37 billion, a P/E ratio of 25.36 and a beta of 0.92.

Institutional Trading of Invesco S&P 500 Quality ETF

Hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 4.0% in the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after acquiring an additional 151 shares in the last quarter. National Bank of Canada FI grew its position in shares of Invesco S&P 500 Quality ETF by 80.6% in the 1st quarter. National Bank of Canada FI now owns 80,390 shares of the company’s stock valued at $5,329,000 after purchasing an additional 35,885 shares during the period. Elevation Capital Advisory LLC increased its stake in Invesco S&P 500 Quality ETF by 269.8% during the 1st quarter. Elevation Capital Advisory LLC now owns 14,066 shares of the company’s stock worth $933,000 after purchasing an additional 10,262 shares in the last quarter. HighTower Advisors LLC increased its stake in Invesco S&P 500 Quality ETF by 3.0% during the 1st quarter. HighTower Advisors LLC now owns 328,406 shares of the company’s stock worth $21,786,000 after purchasing an additional 9,480 shares in the last quarter. Finally, Stone House Investment Management LLC acquired a new stake in Invesco S&P 500 Quality ETF during the 1st quarter worth approximately $142,000.

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.