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

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) reached a new 52-week high during trading on Monday . The company traded as high as $77.46 and last traded at $77.44, with a volume of 512096 shares trading hands. The stock had previously closed at $77.35.

Invesco S&P 500 Quality ETF Stock Performance

The firm has a market capitalization of $15.56 billion, a P/E ratio of 25.36 and a beta of 0.92. The firm has a 50 day simple moving average of $74.77 and a two-hundred day simple moving average of $73.34.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in 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 buying an additional 3,741,699 shares during the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of Invesco S&P 500 Quality ETF in the third quarter valued at approximately $245,312,000. Raymond James Financial Inc. increased its position in shares of Invesco S&P 500 Quality ETF by 61.2% during the second quarter. Raymond James Financial Inc. now owns 3,869,397 shares of the company’s stock valued at $275,733,000 after acquiring an additional 1,469,187 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Invesco S&P 500 Quality ETF by 56.1% during the third quarter. Envestnet Asset Management Inc. now owns 2,892,833 shares of the company’s stock worth $212,016,000 after acquiring an additional 1,039,995 shares during the period. Finally, Compass Ion Advisors LLC boosted its position in Invesco S&P 500 Quality ETF by 1,614.2% in the third quarter. Compass Ion Advisors LLC now owns 718,232 shares of the company’s stock worth $52,639,000 after purchasing an additional 676,332 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.