Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 1-Year High – Time to Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $90.26 and last traded at $90.22, with a volume of 970513 shares changing hands. The stock had previously closed at $88.80.

Invesco S&P 500 Quality ETF Stock Up 1.5%

The company’s 50-day moving average price is $84.37 and its 200-day moving average price is $79.86. The firm has a market cap of $19.18 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

Institutional Investors Weigh In On Invesco S&P 500 Quality ETF

Institutional investors have recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of Invesco S&P 500 Quality ETF by 4.5% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,175 shares of the company’s stock worth $238,000 after acquiring an additional 136 shares in the last quarter. Compound Planning Inc. raised its stake in shares of Invesco S&P 500 Quality ETF by 1.0% in the fourth quarter. Compound Planning Inc. now owns 14,556 shares of the company’s stock valued at $1,092,000 after acquiring an additional 138 shares in the last quarter. Verum Partners LLC boosted its holdings in Invesco S&P 500 Quality ETF by 0.3% in the fourth quarter. Verum Partners LLC now owns 50,256 shares of the company’s stock valued at $3,772,000 after purchasing an additional 141 shares during the period. World Investment Advisors grew its stake in Invesco S&P 500 Quality ETF by 0.6% during the 1st quarter. World Investment Advisors now owns 24,754 shares of the company’s stock worth $1,861,000 after purchasing an additional 142 shares in the last quarter. Finally, Latitude Advisors LLC grew its stake in Invesco S&P 500 Quality ETF by 3.0% during 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 in the last quarter.

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.