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

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) 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.