Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Reaches New 1-Year High – Still a Buy?

Invesco S&P 500 Quality ETF ( NYSEARCA:SPHQ – Get Free Report ) hit a new 52-week high during trading on Friday . The stock traded as high as $70.00 and last traded at $70.

00, with a volume of 363 shares traded. The stock had previously closed at $69.67.



Invesco S&P 500 Quality ETF Stock Performance The stock has a market capitalization of $10.37 billion, a PE ratio of 22.60 and a beta of 0.

98. The company’s 50-day moving average price is $68.17 and its 200 day moving average price is $66.

68. Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently modified their holdings of SPHQ. Assetmark Inc.

raised its stake in Invesco S&P 500 Quality ETF by 43,723.2% during the third quarter. Assetmark Inc.

now owns 624,481 shares of the company’s stock valued at $42,009,000 after purchasing an additional 623,056 shares in the last quarter. Silver Lake Advisory LLC purchased a new stake in shares of Invesco S&P 500 Quality ETF during the 2nd quarter valued at about $35,759,000. Mainstay Capital Management LLC ADV lifted its holdings in shares of Invesco S&P 500 Quality ETF by 51.

2% in the 3rd quarter. Mainstay Capital Management LLC ADV now owns 1,453,755 shares of the company’s stock valued at $97,794,000 after acquiring an additional 492,561 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of Invesco S&P 500 Quality ETF by 5.

4% in the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 7,673,847 shares of the company’s stock valued at $514,378,000 after acquiring an additional 393,229 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Invesco S&P 500 Quality ETF by 5.

1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,834,480 shares of the company’s stock worth $527,025,000 after acquiring an additional 376,770 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. Recommended Stories Five stocks we like better than Invesco S&P 500 Quality ETF What Investors Need to Know to Beat the Market Bloom Energy: Powering the Future With Decentralized Energy 3 REITs to Buy and Hold for the Long Term Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul What is a Dividend King? Why Traders Are Buying the Dip on Johnson & Johnson Stock Receive News & Ratings for Invesco S&P 500 Quality ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Quality ETF and related companies with MarketBeat.

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