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

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $85.83 and last traded at $85.62, with a volume of 1255279 shares. The stock had previously closed at $84.64.

Invesco S&P 500 Quality ETF Stock Performance

The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 25.36 and a beta of 0.91. The business has a 50-day moving average of $79.45 and a 200-day moving average of $77.64.

Institutional Investors Weigh In On Invesco S&P 500 Quality ETF

A number of institutional investors have recently modified their holdings of the company. MTM Investment Management LLC acquired a new position in Invesco S&P 500 Quality ETF during the 4th quarter worth about $26,000. Cassaday & Co Wealth Management LLC acquired a new position in Invesco S&P 500 Quality ETF during the 1st quarter worth about $27,000. Bell Investment Advisors Inc acquired a new position in Invesco S&P 500 Quality ETF during the 1st quarter worth about $28,000. IFC & Insurance Marketing Inc. acquired a new position in Invesco S&P 500 Quality ETF during the 4th quarter worth about $29,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Invesco S&P 500 Quality ETF during the 4th quarter worth 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.