Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Hits New 12-Month High – Time to Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $83.08 and last traded at $82.99, with a volume of 978857 shares changing hands. The stock had previously closed at $82.44.

Invesco S&P 500 Quality ETF Stock Up 0.7%

The business has a 50-day moving average price of $78.35 and a two-hundred day moving average price of $76.92. The firm has a market cap of $17.66 billion, a PE ratio of 25.36 and a beta of 0.91.

Institutional Trading of Invesco S&P 500 Quality ETF

A number of large investors have recently modified their holdings of SPHQ. Ausdal Financial Partners Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 187.2% during the third quarter. Ausdal Financial Partners Inc. now owns 41,424 shares of the company’s stock worth $3,036,000 after purchasing an additional 27,003 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 235.2% during the third quarter. Focus Partners Advisor Solutions LLC now owns 10,107 shares of the company’s stock worth $742,000 after purchasing an additional 7,092 shares in the last quarter. Alpine Bank Wealth Management grew its stake in shares of Invesco S&P 500 Quality ETF by 1.3% during the fourth quarter. Alpine Bank Wealth Management now owns 555,050 shares of the company’s stock worth $41,657,000 after purchasing an additional 7,296 shares in the last quarter. Demars Financial Group LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 4.6% during the fourth quarter. Demars Financial Group LLC now owns 639,632 shares of the company’s stock worth $48,004,000 after purchasing an additional 28,275 shares in the last quarter. Finally, Ballast Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 3.8% during the third quarter. Ballast Inc. now owns 362,684 shares of the company’s stock worth $26,581,000 after purchasing an additional 13,260 shares in the last quarter.

Invesco S&P 500 Quality ETF Company Profile

(Get Free Report)

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.

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