Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Reaches New 12-Month High – What’s Next?

Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) hit a new 52-week high on Friday . The stock traded as high as $87.26 and last traded at $87.10, with a volume of 1942062 shares. The stock had previously closed at $86.44.

Invesco S&P 500 Quality ETF Trading Up 1.0%

The firm has a 50-day simple moving average of $81.86 and a two-hundred day simple moving average of $78.69. The company has a market capitalization of $18.59 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

Institutional Trading of Invesco S&P 500 Quality ETF

Several hedge funds have recently added to or reduced their stakes in the business. Pinnacle Wealth Management Advisory Group LLC boosted its stake in Invesco S&P 500 Quality ETF by 4.5% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock valued at $238,000 after purchasing an additional 136 shares during the period. Compound Planning Inc. boosted its stake in Invesco S&P 500 Quality ETF by 1.0% during the 4th quarter. Compound Planning Inc. now owns 14,556 shares of the company’s stock valued at $1,092,000 after purchasing an additional 138 shares during the period. Verum Partners LLC boosted its stake in Invesco S&P 500 Quality ETF by 0.3% during the 4th quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock valued at $3,772,000 after purchasing an additional 141 shares during the period. World Investment Advisors boosted its stake in Invesco S&P 500 Quality ETF by 0.6% during the 1st quarter. World Investment Advisors now owns 24,754 shares of the company’s stock valued at $1,861,000 after purchasing an additional 142 shares during the period. Finally, Latitude Advisors LLC boosted its stake in Invesco S&P 500 Quality ETF by 3.0% during the 4th quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock valued at $379,000 after purchasing an additional 148 shares during the period.

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.