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

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares hit a new 52-week high on Friday . The stock traded as high as $70.00 and last traded at $70.00, with a volume of 363 shares traded. The stock had previously closed at $69.67.

Invesco S&P 500 Quality ETF Trading Down 0.2 %

The firm has a 50-day simple moving average of $68.12 and a two-hundred day simple moving average of $66.63. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $34,000. Abich Financial Wealth Management LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $38,000. Luken Investment Analytics LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 4th quarter valued at about $40,000. Blue Trust Inc. acquired a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $43,000. Finally, VitalStone Financial LLC raised its holdings in Invesco S&P 500 Quality ETF by 178.8% in the 3rd quarter. VitalStone Financial LLC now owns 814 shares of the company’s stock valued at $55,000 after acquiring an additional 522 shares during 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.