Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets 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 trading on Thursday . The company traded as high as $83.50 and last traded at $83.50, with a volume of 622315 shares changing hands. The stock had previously closed at $83.23.

Invesco S&P 500 Quality ETF Stock Performance

The firm’s 50 day simple moving average is $78.83 and its 200-day simple moving average is $77.33. The company has a market capitalization of $17.82 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

Institutional Trading of Invesco S&P 500 Quality ETF

Several large investors have recently added to or reduced their stakes in SPHQ. MTM Investment Management LLC acquired a new stake in Invesco S&P 500 Quality ETF during the 4th quarter valued at $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in Invesco S&P 500 Quality ETF during the 1st quarter valued at $27,000. Bell Investment Advisors Inc acquired a new position in shares of Invesco S&P 500 Quality ETF in the first quarter worth $28,000. IFC & Insurance Marketing Inc. acquired a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth $33,000.

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.