Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 52-Week High – Should You Buy?

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

Invesco S&P 500 Quality ETF Trading Down 0.4 %

The firm has a market capitalization of $10.58 billion, a PE ratio of 22.60 and a beta of 0.98. The business has a 50-day moving average of $68.64 and a 200 day moving average of $67.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bernard Wealth Management Corp. purchased a new stake in Invesco S&P 500 Quality ETF during the fourth quarter worth about $26,000. Millstone Evans Group LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $33,000. Truvestments Capital LLC bought a new stake in shares of Invesco S&P 500 Quality ETF in the 3rd quarter worth approximately $34,000. Briaud Financial Planning Inc purchased a new position in Invesco S&P 500 Quality ETF in the fourth quarter valued at approximately $34,000. Finally, Abich Financial Wealth Management LLC bought a new position in Invesco S&P 500 Quality ETF during the third quarter worth about $38,000.

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.