Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 3,303,200 shares traded hands during trading, an increase of 94% from the previous session’s volume of 1,703,803 shares.The stock last traded at $86.91 and had previously closed at $86.69.
Invesco S&P 500 Quality ETF Trading Down 0.3%
The stock has a market capitalization of $19.84 billion, a PE ratio of 25.36 and a beta of 0.91. The company’s 50 day simple moving average is $86.78 and its 200 day simple moving average is $82.38.
Institutional Investors Weigh In On Invesco S&P 500 Quality ETF
A number of institutional investors have recently bought and sold shares of SPHQ. Redhawk Wealth Advisors Inc. increased its position in Invesco S&P 500 Quality ETF by 22.2% during the second quarter. Redhawk Wealth Advisors Inc. now owns 253,355 shares of the company’s stock worth $22,827,000 after purchasing an additional 45,953 shares during the last quarter. Sherman Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Quality ETF by 7.7% in the 2nd quarter. Sherman Wealth Management LLC now owns 20,975 shares of the company’s stock valued at $1,890,000 after purchasing an additional 1,507 shares during the last quarter. Professional Financial Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 2nd quarter valued at $266,000. HF Advisory Group LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 0.8% during the 2nd quarter. HF Advisory Group LLC now owns 25,543 shares of the company’s stock valued at $2,301,000 after buying an additional 196 shares during the period. Finally, Topor & Co. Korea increased its holdings in shares of Invesco S&P 500 Quality ETF by 0.7% during the 2nd quarter. Topor & Co. Korea now owns 49,918 shares of the company’s stock worth $4,498,000 after buying an additional 329 shares during 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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.
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