Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Get Free Report)’s share price reached a new 52-week high on Tuesday . The company traded as high as $83.08 and last traded at $82.99, with a volume of 978857 shares trading hands. The stock had previously closed at $82.44.
Invesco S&P 500 Quality ETF Price Performance
The firm has a market cap of $17.54 billion, a P/E ratio of 25.36 and a beta of 0.91. The business’s 50-day moving average is $78.42 and its two-hundred day moving average is $77.04.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in shares of Invesco S&P 500 Quality ETF by 68.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,247,520 shares of the company’s stock valued at $658,846,000 after acquiring an additional 3,741,699 shares during the period. Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of Invesco S&P 500 Quality ETF by 5.9% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 8,910,347 shares of the company’s stock valued at $668,722,000 after acquiring an additional 496,439 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Invesco S&P 500 Quality ETF by 3.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,915,919 shares of the company’s stock valued at $611,604,000 after acquiring an additional 253,950 shares during the period. Bank of America Corp DE grew its position in shares of Invesco S&P 500 Quality ETF by 8.0% in the 3rd quarter. Bank of America Corp DE now owns 4,710,108 shares of the company’s stock valued at $345,204,000 after acquiring an additional 349,166 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 Quality ETF by 15.6% in the 3rd quarter. Raymond James Financial Inc. now owns 4,473,245 shares of the company’s stock valued at $327,844,000 after acquiring an additional 603,848 shares during the period.
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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.
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