Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $82.85 and traded as high as $83.91. Invesco S&P 500 Quality ETF shares last traded at $83.63, with a volume of 1,396,117 shares trading hands.
Invesco S&P 500 Quality ETF Stock Up 1.8%
The firm has a fifty day moving average of $84.28 and a 200-day moving average of $82.93. The stock has a market capitalization of $19.02 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 3rd quarter valued at about $649,488,000. Envestnet Asset Management Inc. raised its position in Invesco S&P 500 Quality ETF by 236.9% during the second quarter. Envestnet Asset Management Inc. now owns 6,731,769 shares of the company’s stock worth $606,532,000 after acquiring an additional 4,733,411 shares during the last quarter. Vantagepoint Investment Advisers LLC acquired a new position in Invesco S&P 500 Quality ETF during the third quarter worth about $269,341,000. Commonwealth Equity Services LLC acquired a new position in Invesco S&P 500 Quality ETF during the third quarter worth about $92,486,000. Finally, Kestra Advisory Services LLC raised its position in Invesco S&P 500 Quality ETF by 116.7% during the third quarter. Kestra Advisory Services LLC now owns 899,891 shares of the company’s stock worth $75,663,000 after acquiring an additional 484,558 shares during the last quarter.
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.
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