Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $87.26 and last traded at $87.10, with a volume of 1942062 shares traded. The stock had previously closed at $86.44.
Invesco S&P 500 Quality ETF Trading Up 1.0%
The stock has a 50-day simple moving average of $81.86 and a 200-day simple moving average of $78.69. The company has a market cap of $18.59 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.
Institutional Investors Weigh In On Invesco S&P 500 Quality ETF
Several hedge funds have recently modified their holdings of the stock. MTM Investment Management LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 4th quarter worth about $26,000. Cassaday & Co Wealth Management LLC purchased a new stake in Invesco S&P 500 Quality ETF in the 1st quarter worth about $27,000. Bell Investment Advisors Inc purchased a new stake in Invesco S&P 500 Quality ETF in the 1st quarter worth about $28,000. IFC & Insurance Marketing Inc. purchased a new stake in Invesco S&P 500 Quality ETF in the 4th quarter worth about $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Invesco S&P 500 Quality ETF in the 4th quarter worth about $33,000.
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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