Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 12-Month High – Here’s What Happened

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $71.18 and last traded at $71.16, with a volume of 555467 shares traded. The stock had previously closed at $70.97.

Invesco S&P 500 Quality ETF Stock Down 1.2 %

The stock has a 50 day simple moving average of $68.82 and a 200 day simple moving average of $67.53. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SPHQ. Bernard Wealth Management Corp. acquired a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth about $26,000. Fourth Dimension Wealth LLC acquired a new stake in Invesco S&P 500 Quality ETF during the fourth quarter valued at approximately $26,000. Millstone Evans Group LLC acquired a new stake in Invesco S&P 500 Quality ETF during the fourth quarter valued at approximately $33,000. Truvestments Capital LLC bought a new position in shares of Invesco S&P 500 Quality ETF during the third quarter valued at approximately $34,000. Finally, Briaud Financial Planning Inc bought a new position in shares of Invesco S&P 500 Quality ETF during the fourth quarter valued at approximately $34,000.

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.