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 reached a new 52-week high during trading on Monday . The company traded as high as $69.53 and last traded at $69.53, with a volume of 2067 shares trading hands. The stock had previously closed at $69.07.

Invesco S&P 500 Quality ETF Stock Performance

The company has a market cap of $10.32 billion, a PE ratio of 22.60 and a beta of 0.98. The stock has a 50 day moving average price of $67.42 and a 200 day moving average price of $65.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GPS Wealth Strategies Group LLC increased its position in Invesco S&P 500 Quality ETF by 25.7% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,016 shares of the company’s stock valued at $65,000 after buying an additional 208 shares in the last quarter. SteelPeak Wealth LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 1.2% in the 2nd quarter. SteelPeak Wealth LLC now owns 18,422 shares of the company’s stock worth $1,171,000 after purchasing an additional 219 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in shares of Invesco S&P 500 Quality ETF by 1.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 16,077 shares of the company’s stock worth $1,082,000 after purchasing an additional 225 shares in the last quarter. Huntington National Bank increased its holdings in shares of Invesco S&P 500 Quality ETF by 11.4% in the 3rd quarter. Huntington National Bank now owns 2,428 shares of the company’s stock worth $163,000 after purchasing an additional 249 shares in the last quarter. Finally, Centaurus Financial Inc. increased its holdings in shares of Invesco S&P 500 Quality ETF by 8.6% in the 3rd quarter. Centaurus Financial Inc. now owns 3,198 shares of the company’s stock worth $215,000 after purchasing an additional 253 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.