Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 1-Year High – Here’s Why

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) hit a new 52-week high during trading on Monday . The stock traded as high as $68.92 and last traded at $68.89, with a volume of 13332 shares traded. The stock had previously closed at $68.34.

Invesco S&P 500 Quality ETF Stock Up 0.3 %

The company’s 50-day moving average is $67.26 and its two-hundred day moving average is $65.04. The company has a market capitalization of $10.30 billion, a P/E ratio of 22.60 and a beta of 0.98.

Institutional Trading of Invesco S&P 500 Quality ETF

Several institutional investors and hedge funds have recently made changes to their positions in SPHQ. GPS Wealth Strategies Group LLC increased its stake in Invesco S&P 500 Quality ETF by 25.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,016 shares of the company’s stock valued at $65,000 after acquiring an additional 208 shares during the last quarter. SteelPeak Wealth LLC increased its position in shares of Invesco S&P 500 Quality ETF by 1.2% during the 2nd quarter. SteelPeak Wealth LLC now owns 18,422 shares of the company’s stock valued at $1,171,000 after purchasing an additional 219 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 1.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 16,077 shares of the company’s stock valued at $1,082,000 after buying an additional 225 shares in the last quarter. Huntington National Bank lifted its position in Invesco S&P 500 Quality ETF by 11.4% in the 3rd quarter. Huntington National Bank now owns 2,428 shares of the company’s stock worth $163,000 after buying an additional 249 shares during the last quarter. Finally, Centaurus Financial Inc. boosted its stake in Invesco S&P 500 Quality ETF by 8.6% in the third quarter. Centaurus Financial Inc. now owns 3,198 shares of the company’s stock worth $215,000 after buying an additional 253 shares in 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.