Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Reaches New 52-Week High – Still a Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $68.39 and last traded at $68.29, with a volume of 758426 shares. The stock had previously closed at $67.93.

Invesco S&P 500 Quality ETF Trading Up 0.4 %

The firm has a market capitalization of $10.25 billion, a P/E ratio of 22.60 and a beta of 0.98. The company has a 50 day moving average of $66.80 and a 200-day moving average of $64.27.

Hedge Funds Weigh In On Invesco S&P 500 Quality ETF

A number of hedge funds have recently added to or reduced their stakes in SPHQ. SYM FINANCIAL Corp bought a new position in shares of Invesco S&P 500 Quality ETF in the 2nd quarter valued at $28,000. Abich Financial Wealth Management LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the third quarter worth about $38,000. Blue Trust Inc. bought a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at approximately $43,000. ORG Partners LLC acquired a new position in Invesco S&P 500 Quality ETF during the 2nd quarter worth approximately $45,000. Finally, Pineridge Advisors LLC bought a new position in Invesco S&P 500 Quality ETF in the 1st quarter valued at approximately $47,000.

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.