Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Hits New 12-Month High at $60.78

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 $60.78 and last traded at $60.63, with a volume of 73815 shares. The stock had previously closed at $60.45.

Invesco S&P 500 Quality ETF Price Performance

The company has a market cap of $8.98 billion, a price-to-earnings ratio of 21.94 and a beta of 0.97. The business’s 50-day simple moving average is $59.46 and its 200-day simple moving average is $56.05.

Hedge Funds Weigh In On Invesco S&P 500 Quality ETF

A number of institutional investors have recently modified their holdings of the company. First Command Advisory Services Inc. raised its position in shares of Invesco S&P 500 Quality ETF by 7.8% in the third quarter. First Command Advisory Services Inc. now owns 13,822,335 shares of the company’s stock valued at $691,620,000 after buying an additional 1,002,069 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Invesco S&P 500 Quality ETF by 20.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,978,220 shares of the company’s stock worth $421,624,000 after purchasing an additional 1,183,904 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its position in Invesco S&P 500 Quality ETF by 89.3% during the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 6,615,038 shares of the company’s stock worth $399,681,000 after purchasing an additional 3,121,091 shares during the last quarter. LPL Financial LLC increased its position in Invesco S&P 500 Quality ETF by 10.4% during the third quarter. LPL Financial LLC now owns 5,552,952 shares of the company’s stock worth $277,870,000 after purchasing an additional 524,331 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in Invesco S&P 500 Quality ETF by 18,094.4% during the first quarter. Fifth Third Bancorp now owns 4,620,115 shares of the company’s stock worth $279,147,000 after buying an additional 4,594,722 shares during the period.

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.