Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 1-Year High – Time to Buy?

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)’s share price hit a new 52-week high on Tuesday . The company traded as high as $90.26 and last traded at $90.22, with a volume of 970513 shares traded. The stock had previously closed at $88.80.

Invesco S&P 500 Quality ETF Stock Performance

The firm has a market capitalization of $19.18 billion, a PE ratio of 25.36 and a beta of 0.91. The firm’s 50 day moving average price is $84.37 and its 200-day moving average price is $79.86.

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

A number of hedge funds have recently bought and sold shares of the business. MTM Investment Management LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the 4th quarter worth approximately $26,000. Cassaday & Co Wealth Management LLC acquired a new stake in Invesco S&P 500 Quality ETF in the 1st quarter valued at $27,000. Bell Investment Advisors Inc acquired a new stake in Invesco S&P 500 Quality ETF in the 1st quarter valued at $28,000. IFC & Insurance Marketing Inc. acquired a new stake in Invesco S&P 500 Quality ETF in the 4th quarter valued at $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Invesco S&P 500 Quality ETF in the 4th quarter worth $33,000.

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