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

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $70.69 and last traded at $70.67, with a volume of 120247 shares trading hands. The stock had previously closed at $70.41.

Invesco S&P 500 Quality ETF Trading Up 0.5 %

The company has a market capitalization of $10.57 billion, a P/E ratio of 22.60 and a beta of 0.98. The stock has a 50 day moving average of $68.56 and a 200-day moving average of $67.20.

Institutional Trading of Invesco S&P 500 Quality ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Invesco S&P 500 Quality ETF during the fourth quarter valued at about $100,697,000. Madison Investment Advisors LLC purchased a new position in Invesco S&P 500 Quality ETF during the fourth quarter valued at approximately $88,622,000. Independent Advisor Alliance purchased a new position in Invesco S&P 500 Quality ETF during the fourth quarter valued at approximately $84,264,000. LPL Financial LLC raised its position in Invesco S&P 500 Quality ETF by 12.6% during the fourth quarter. LPL Financial LLC now owns 8,718,323 shares of the company’s stock valued at $584,389,000 after acquiring an additional 974,609 shares in the last quarter. Finally, Assetmark Inc. raised its position in Invesco S&P 500 Quality ETF by 43,723.2% during the third quarter. Assetmark Inc. now owns 624,481 shares of the company’s stock valued at $42,009,000 after acquiring an additional 623,056 shares in 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.