Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Reaches New 52-Week High at $61.57

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $61.57 and last traded at $61.53, with a volume of 219522 shares changing hands. The stock had previously closed at $61.45.

Invesco S&P 500 Quality ETF Stock Performance

The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 22.60 and a beta of 0.98. The firm has a fifty day moving average of $59.71 and a 200-day moving average of $56.55.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Woodmont Investment Counsel LLC purchased a new position in Invesco S&P 500 Quality ETF in the 1st quarter valued at about $25,000. Glassman Wealth Services increased its holdings in Invesco S&P 500 Quality ETF by 121.7% in the fourth quarter. Glassman Wealth Services now owns 510 shares of the company’s stock valued at $28,000 after buying an additional 280 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Invesco S&P 500 Quality ETF by 149.6% in the fourth quarter. Sound Income Strategies LLC now owns 579 shares of the company’s stock valued at $31,000 after buying an additional 347 shares during the last quarter. GPS Wealth Strategies Group LLC raised its stake in Invesco S&P 500 Quality ETF by 275.6% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 661 shares of the company’s stock valued at $36,000 after buying an additional 485 shares in the last quarter. Finally, Pineridge Advisors LLC bought a new position in Invesco S&P 500 Quality ETF during the first quarter worth $47,000.

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.