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

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $70.69 and last traded at $70.67, with a volume of 120247 shares traded. The stock had previously closed at $70.41.

Invesco S&P 500 Quality ETF Stock Down 0.4 %

The company has a market capitalization of $10.58 billion, a PE ratio of 22.60 and a beta of 0.98. The company has a 50-day moving average price of $68.64 and a two-hundred day moving average price of $67.27.

Institutional Investors Weigh In On Invesco S&P 500 Quality ETF

Several hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV increased its holdings in shares of Invesco S&P 500 Quality ETF by 4.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,353 shares of the company’s stock worth $895,000 after buying an additional 628 shares during the last quarter. Eagle Strategies LLC increased its stake in Invesco S&P 500 Quality ETF by 12.5% in the fourth quarter. Eagle Strategies LLC now owns 210,469 shares of the company’s stock valued at $14,108,000 after acquiring an additional 23,379 shares during the last quarter. Headland Capital LLC purchased a new stake in Invesco S&P 500 Quality ETF during the fourth quarter valued at about $8,932,000. Wick Capital Partners LLC bought a new stake in Invesco S&P 500 Quality ETF during the fourth quarter worth about $183,000. Finally, Comerica Bank boosted its holdings in shares of Invesco S&P 500 Quality ETF by 0.3% in the 4th quarter. Comerica Bank now owns 69,958 shares of the company’s stock worth $4,689,000 after purchasing an additional 196 shares in the last quarter.

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.