Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 52-Week High – Time to Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $71.18 and last traded at $71.16, with a volume of 555467 shares. The stock had previously closed at $70.97.

Invesco S&P 500 Quality ETF Stock Up 0.4 %

The company has a market capitalization of $10.64 billion, a PE ratio of 22.60 and a beta of 0.98. The firm has a 50-day moving average of $68.72 and a two-hundred day moving average of $67.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC raised its stake in shares of Invesco S&P 500 Quality ETF by 2.8% during the 4th quarter. Gateway Wealth Partners LLC now owns 5,399 shares of the company’s stock worth $362,000 after buying an additional 149 shares during the period. Brighton Jones LLC boosted its holdings in Invesco S&P 500 Quality ETF by 4.0% in the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after buying an additional 151 shares during the last quarter. Lunt Capital Management Inc. increased its stake in Invesco S&P 500 Quality ETF by 1.9% during the 4th quarter. Lunt Capital Management Inc. now owns 9,724 shares of the company’s stock worth $652,000 after buying an additional 182 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 1.9% during the fourth quarter. DAVENPORT & Co LLC now owns 9,932 shares of the company’s stock valued at $666,000 after acquiring an additional 188 shares during the last quarter. Finally, Alta Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 2.0% in the fourth quarter. Alta Wealth Advisors LLC now owns 9,605 shares of the company’s stock valued at $644,000 after acquiring an additional 190 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.