Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sees Unusually-High Trading Volume – Still a Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) shares saw unusually-high trading volume on Wednesday . Approximately 7,135,938 shares changed hands during trading, an increase of 316% from the previous session’s volume of 1,716,532 shares.The stock last traded at $83.20 and had previously closed at $82.07.

Invesco S&P 500 Quality ETF Stock Performance

The stock’s fifty day simple moving average is $78.73 and its two-hundred day simple moving average is $77.26. The company has a market cap of $17.70 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.

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

Large investors have recently modified their holdings of the company. Brighton Jones LLC increased its position in Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after purchasing an additional 151 shares in the last quarter. AQR Capital Management LLC grew its stake in Invesco S&P 500 Quality ETF by 51.2% during the first quarter. AQR Capital Management LLC now owns 5,854 shares of the company’s stock worth $388,000 after buying an additional 1,983 shares during the period. Empowered Funds LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the first quarter worth $875,000. Jane Street Group LLC increased its position in shares of Invesco S&P 500 Quality ETF by 29.2% in the first quarter. Jane Street Group LLC now owns 9,937 shares of the company’s stock worth $659,000 after acquiring an additional 2,248 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Invesco S&P 500 Quality ETF by 53.5% in the 2nd quarter. Invesco Ltd. now owns 115,321 shares of the company’s stock valued at $8,218,000 after acquiring an additional 40,210 shares during the period.

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. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.