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

Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) hit a new 52-week high during trading on Thursday . The stock traded as high as $70.44 and last traded at $70.19, with a volume of 154910 shares traded. The stock had previously closed at $69.54.

Invesco S&P 500 Quality ETF Stock Performance

The firm’s 50 day moving average price is $68.30 and its two-hundred day moving average price is $66.78. The company has a market cap of $10.53 billion, a P/E ratio of 22.60 and a beta of 0.98.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC grew its holdings in Invesco S&P 500 Quality ETF by 2.8% during the fourth quarter. Gateway Wealth Partners LLC now owns 5,399 shares of the company’s stock valued at $362,000 after purchasing an additional 149 shares during the period. Brighton Jones LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock valued at $265,000 after buying an additional 151 shares during the last quarter. Lunt Capital Management Inc. lifted its position in shares of Invesco S&P 500 Quality ETF by 1.9% during the 4th quarter. Lunt Capital Management Inc. now owns 9,724 shares of the company’s stock valued at $652,000 after buying an additional 182 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 1.9% during the 4th quarter. DAVENPORT & Co LLC now owns 9,932 shares of the company’s stock worth $666,000 after acquiring an additional 188 shares during the period. Finally, Alta Wealth Advisors LLC raised its holdings in Invesco S&P 500 Quality ETF by 2.0% during the 4th quarter. Alta Wealth Advisors LLC now owns 9,605 shares of the company’s stock valued at $644,000 after acquiring an additional 190 shares during the period.

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.