Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sees Unusually-High Trading Volume – Here’s Why

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares saw an uptick in trading volume on Wednesday . 7,135,938 shares traded hands during mid-day trading, an increase of 316% from the previous session’s volume of 1,716,532 shares.The stock last traded at $83.20 and had previously closed at $82.07.

Invesco S&P 500 Quality ETF Stock Up 1.4%

The stock has a 50 day simple moving average of $78.73 and a 200 day simple moving average of $77.26. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

Institutional Trading of Invesco S&P 500 Quality ETF

Several large investors have recently bought and sold shares of the company. Western Wealth Management LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 1.6% during the first quarter. Western Wealth Management LLC now owns 69,041 shares of the company’s stock worth $5,191,000 after purchasing an additional 1,065 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in Invesco S&P 500 Quality ETF during the 1st quarter valued at $363,000. EverSource Wealth Advisors LLC increased its stake in Invesco S&P 500 Quality ETF by 63.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 10,889 shares of the company’s stock worth $819,000 after buying an additional 4,227 shares during the period. Core Wealth Advisors Inc. increased its stake in Invesco S&P 500 Quality ETF by 12.1% during the 1st quarter. Core Wealth Advisors Inc. now owns 161,720 shares of the company’s stock worth $12,160,000 after buying an additional 17,394 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in Invesco S&P 500 Quality ETF by 7.6% in the 1st quarter. Quantinno Capital Management LP now owns 155,621 shares of the company’s stock worth $11,701,000 after buying an additional 11,010 shares in 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.