Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Hits New 52-Week High – Time to Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $78.53 and last traded at $77.71, with a volume of 473371 shares changing hands. The stock had previously closed at $77.78.

Invesco S&P 500 Quality ETF Price Performance

The firm has a market capitalization of $15.91 billion, a price-to-earnings ratio of 25.36 and a beta of 0.92. The business’s 50-day moving average price is $75.78 and its 200 day moving average price is $73.85.

Institutional Trading of Invesco S&P 500 Quality ETF

Several large investors have recently modified their holdings of SPHQ. Verum Partners LLC grew its holdings in Invesco S&P 500 Quality ETF by 0.3% during the 4th quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock worth $3,772,000 after acquiring an additional 141 shares during the period. Latitude Advisors LLC boosted its position in shares of Invesco S&P 500 Quality ETF by 3.0% in the 4th quarter. Latitude Advisors LLC now owns 5,053 shares of the company’s stock worth $379,000 after purchasing an additional 148 shares during the last quarter. Brighton Jones LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 4.0% during the fourth quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after purchasing an additional 151 shares during the period. Bogart Wealth LLC increased its holdings in Invesco S&P 500 Quality ETF by 19.2% in the second quarter. Bogart Wealth LLC now owns 964 shares of the company’s stock valued at $69,000 after purchasing an additional 155 shares during the last quarter. Finally, Fragasso Financial Advisors Inc lifted its stake in Invesco S&P 500 Quality ETF by 0.5% in the third quarter. Fragasso Financial Advisors Inc now owns 31,677 shares of the company’s stock valued at $2,342,000 after buying an additional 157 shares during the period.

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.