Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 12-Month High – Here’s What Happened

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) reached a new 52-week high on Thursday . The company traded as high as $83.50 and last traded at $83.50, with a volume of 622315 shares traded. The stock had previously closed at $83.23.

Invesco S&P 500 Quality ETF Stock Up 0.6%

The firm has a market capitalization of $17.82 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The stock’s 50 day moving average price is $78.83 and its two-hundred day moving average price is $77.33.

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

A number of hedge funds have recently modified their holdings of SPHQ. MTM Investment Management LLC acquired a new position in shares of Invesco S&P 500 Quality ETF in the fourth quarter worth $26,000. Cassaday & Co Wealth Management LLC acquired a new position in Invesco S&P 500 Quality ETF during the first quarter worth $27,000. Bell Investment Advisors Inc acquired a new position in Invesco S&P 500 Quality ETF during the first quarter worth $28,000. IFC & Insurance Marketing Inc. acquired a new position in Invesco S&P 500 Quality ETF during the fourth quarter worth $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Invesco S&P 500 Quality ETF during the fourth quarter worth $33,000.

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