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 share price reached a new 52-week high during trading on Thursday . The stock traded as high as $78.53 and last traded at $77.71, with a volume of 473371 shares. The stock had previously closed at $77.78.

Invesco S&P 500 Quality ETF Stock Performance

The stock has a market capitalization of $15.79 billion, a PE ratio of 25.36 and a beta of 0.92. The business’s 50-day moving average is $76.01 and its two-hundred day moving average is $73.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SPHQ. Berkshire Money Management Inc. purchased a new stake in Invesco S&P 500 Quality ETF in the 2nd quarter valued at approximately $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Invesco S&P 500 Quality ETF in the 4th quarter valued at approximately $33,000. Ancora Advisors LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF in the third quarter valued at approximately $35,000. Dunhill Financial LLC grew its holdings in Invesco S&P 500 Quality ETF by 10,060.0% during the third quarter. Dunhill Financial LLC now owns 508 shares of the company’s stock worth $37,000 after acquiring an additional 503 shares during the period. Finally, Burkett Financial Services LLC acquired a new stake in Invesco S&P 500 Quality ETF in the third quarter valued at $37,000.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.