Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 1-Year High – What’s Next?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares hit a new 52-week high on Monday . The stock traded as high as $69.53 and last traded at $69.53, with a volume of 2067 shares traded. The stock had previously closed at $69.07.

Invesco S&P 500 Quality ETF Stock Performance

The firm has a 50-day simple moving average of $67.42 and a two-hundred day simple moving average of $65.27. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98.

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

Institutional investors have recently modified their holdings of the business. Comerica Bank lifted its stake in Invesco S&P 500 Quality ETF by 54.7% in the 1st quarter. Comerica Bank now owns 63,731 shares of the company’s stock valued at $3,851,000 after buying an additional 22,526 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in Invesco S&P 500 Quality ETF by 34.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 13,470 shares of the company’s stock worth $856,000 after purchasing an additional 3,470 shares in the last quarter. Fiduciary Alliance LLC lifted its stake in Invesco S&P 500 Quality ETF by 2.3% in the 2nd quarter. Fiduciary Alliance LLC now owns 24,056 shares of the company’s stock worth $1,539,000 after purchasing an additional 545 shares in the last quarter. CWM LLC lifted its stake in Invesco S&P 500 Quality ETF by 6.8% in the 2nd quarter. CWM LLC now owns 5,132 shares of the company’s stock worth $326,000 after purchasing an additional 325 shares in the last quarter. Finally, MADDEN SECURITIES Corp lifted its stake in Invesco S&P 500 Quality ETF by 1.4% in the 2nd quarter. MADDEN SECURITIES Corp now owns 20,192 shares of the company’s stock worth $1,283,000 after purchasing an additional 284 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.