Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Reaches New 1-Year High – Still a Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares hit a new 52-week high on Friday . The stock traded as high as $70.00 and last traded at $70.00, with a volume of 363 shares trading hands. The stock had previously closed at $69.67.

Invesco S&P 500 Quality ETF Price Performance

The company’s fifty day simple moving average is $68.17 and its 200-day simple moving average is $66.68. The firm has a market capitalization of $10.37 billion, a PE ratio of 22.60 and a beta of 0.98.

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

Several institutional investors have recently added to or reduced their stakes in the business. Brookstone Capital Management raised its position in shares of Invesco S&P 500 Quality ETF by 25.4% in the 4th quarter. Brookstone Capital Management now owns 10,602 shares of the company’s stock valued at $711,000 after purchasing an additional 2,150 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Invesco S&P 500 Quality ETF by 7.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,518 shares of the company’s stock valued at $14,767,000 after purchasing an additional 14,481 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF during the third quarter worth $1,273,000. Clarius Group LLC grew its holdings in shares of Invesco S&P 500 Quality ETF by 18.7% during the third quarter. Clarius Group LLC now owns 4,753 shares of the company’s stock valued at $320,000 after buying an additional 750 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the 2nd quarter valued at $796,000.

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.