Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 1-Year High – Time to Buy?

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

Invesco S&P 500 Quality ETF Stock Performance

The business has a fifty day moving average price of $66.80 and a 200 day moving average price of $64.27. The company has a market cap of $10.25 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98.

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

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

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.