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

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

Invesco S&P 500 Quality ETF Trading Up 0.3 %

The business’s fifty day simple moving average is $67.26 and its 200-day simple moving average is $65.04. The firm has a market cap 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

A number of institutional investors have recently added to or reduced their stakes in SPHQ. SYM FINANCIAL Corp purchased a new stake in shares of Invesco S&P 500 Quality ETF in the second quarter worth about $28,000. Truvestments Capital LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $34,000. Abich Financial Wealth Management LLC bought a new position in Invesco S&P 500 Quality ETF in the 3rd quarter valued at $38,000. Blue Trust Inc. purchased a new position in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at $43,000. Finally, ORG Partners LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the second quarter worth $45,000.

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.