Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Hits New 1-Year High – Should You Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares hit a new 52-week high during trading on Friday . The stock 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 Stock Up 1.0%

The company’s fifty day moving average price is $82.08 and its 200 day moving average price is $78.75. The company has a market capitalization of $18.59 billion, a P/E ratio of 25.36 and a beta of 0.91.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC increased its stake in Invesco S&P 500 Quality ETF by 4.5% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock valued at $238,000 after acquiring an additional 136 shares during the last quarter. Compound Planning Inc. increased its stake in Invesco S&P 500 Quality ETF by 1.0% in the fourth quarter. Compound Planning Inc. now owns 14,556 shares of the company’s stock valued at $1,092,000 after acquiring an additional 138 shares during the last quarter. Verum Partners LLC increased its stake in Invesco S&P 500 Quality ETF by 0.3% in the fourth quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock valued at $3,772,000 after acquiring an additional 141 shares during the last quarter. World Investment Advisors increased its stake in Invesco S&P 500 Quality ETF by 0.6% in the first quarter. World Investment Advisors now owns 24,754 shares of the company’s stock valued at $1,861,000 after acquiring an additional 142 shares during the last quarter. Finally, Latitude Advisors LLC increased its stake in Invesco S&P 500 Quality ETF by 3.0% in the fourth quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock valued at $379,000 after acquiring an additional 148 shares during the last quarter.

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.