Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Reaches New 52-Week High – Here’s Why

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $68.92 and last traded at $68.89, with a volume of 13332 shares trading hands. The stock had previously closed at $68.34.

Invesco S&P 500 Quality ETF Stock Performance

The company has a market cap of $10.26 billion, a P/E ratio of 22.60 and a beta of 0.98. The business has a fifty day simple moving average of $67.22 and a 200 day simple moving average of $64.98.

Hedge Funds Weigh In On Invesco S&P 500 Quality ETF

Large investors have recently added to or reduced their stakes in the company. SYM FINANCIAL Corp bought a new stake in Invesco S&P 500 Quality ETF during the second quarter valued at $28,000. Truvestments Capital LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at about $34,000. Abich Financial Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Quality ETF during the 3rd quarter valued at about $38,000. Blue Trust Inc. acquired a new stake in Invesco S&P 500 Quality ETF during the third quarter worth about $43,000. Finally, ORG Partners LLC bought a new position in Invesco S&P 500 Quality ETF in the second quarter worth about $45,000.

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.