Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $68.39 and last traded at $68.29, with a volume of 758426 shares trading hands. The stock had previously closed at $67.93.
Invesco S&P 500 Quality ETF Stock Performance
The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. The stock’s fifty day moving average is $66.71 and its two-hundred day moving average is $64.17.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of SPHQ. Janney Montgomery Scott LLC raised its position in shares of Invesco S&P 500 Quality ETF by 2.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 42,071 shares of the company’s stock valued at $2,542,000 after purchasing an additional 938 shares in the last quarter. Wealthspire Advisors LLC acquired a new position in Invesco S&P 500 Quality ETF during the 1st quarter worth $211,000. PFG Advisors increased its position in shares of Invesco S&P 500 Quality ETF by 37.9% in the 1st quarter. PFG Advisors now owns 12,596 shares of the company’s stock worth $761,000 after purchasing an additional 3,465 shares during the last quarter. Atomi Financial Group Inc. increased its position in shares of Invesco S&P 500 Quality ETF by 34.9% in the 1st quarter. Atomi Financial Group Inc. now owns 5,684 shares of the company’s stock worth $343,000 after purchasing an additional 1,470 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of Invesco S&P 500 Quality ETF by 18.3% during the first quarter. Concurrent Investment Advisors LLC now owns 31,475 shares of the company’s stock worth $1,902,000 after purchasing an additional 4,880 shares during 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.
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