Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Reaches New 52-Week High at $67.32

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $67.32 and last traded at $66.74, with a volume of 765693 shares changing hands. The stock had previously closed at $66.80.

Invesco S&P 500 Quality ETF Stock Performance

The company has a 50 day moving average price of $64.83 and a 200 day moving average price of $62.38. The company has a market capitalization of $10.03 billion, a PE ratio of 22.60 and a beta of 0.98.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fiduciary Alliance LLC grew its stake in Invesco S&P 500 Quality ETF by 3.1% in the first quarter. Fiduciary Alliance LLC now owns 23,511 shares of the company’s stock worth $1,420,000 after purchasing an additional 707 shares in the last quarter. Wealthspire Advisors LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the 1st quarter valued at approximately $211,000. Cresset Asset Management LLC lifted its stake in Invesco S&P 500 Quality ETF by 22.7% during the fourth quarter. Cresset Asset Management LLC now owns 153,424 shares of the company’s stock worth $8,297,000 after purchasing an additional 28,384 shares during the last quarter. Prevail Innovative Wealth Advisors LLC increased its stake in Invesco S&P 500 Quality ETF by 3.3% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 33,355 shares of the company’s stock valued at $1,804,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Rollins Financial lifted its position in shares of Invesco S&P 500 Quality ETF by 31.5% in the 4th quarter. Rollins Financial now owns 99,372 shares of the company’s stock worth $5,374,000 after buying an additional 23,830 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.