Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Reaches New 12-Month High – Time to Buy?

Shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) reached a new 52-week high during trading on Thursday . The stock traded as high as $89.93 and last traded at $88.27, with a volume of 3963323 shares changing hands. The stock had previously closed at $88.67.

Invesco S&P 500 Quality ETF Stock Down 0.5%

The firm has a market capitalization of $18.79 billion, a PE ratio of 25.36 and a beta of 0.91. The company’s 50-day simple moving average is $82.84 and its 200 day simple moving average is $79.09.

Institutional Trading of Invesco S&P 500 Quality ETF

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