Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) Sets New 52-Week High – Here’s What Happened

Posted by Eileen French on Nov 7th, 2024

Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $68.39 and last traded at $68.29, with a volume of 758426 shares changing hands. The stock had previously closed at $67.93.

Invesco S&P 500 Quality ETF Stock Up 0.5 %

The company has a market cap of $10.21 billion, a PE ratio of 22.60 and a beta of 0.98. The stock’s 50 day simple moving average is $66.71 and its two-hundred day simple moving average is $64.17.

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

A number of large investors have recently modified their holdings of SPHQ. Wealthspire Advisors LLC acquired a new stake in shares of Invesco S&P 500 Quality ETF in the first quarter worth $211,000. Clarius Group LLC raised its position in Invesco S&P 500 Quality ETF by 18.7% in the third quarter. Clarius Group LLC now owns 4,753 shares of the company’s stock valued at $320,000 after purchasing an additional 750 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Invesco S&P 500 Quality ETF during the second quarter worth about $796,000. ACT Advisors LLC. grew its stake in shares of Invesco S&P 500 Quality ETF by 2.3% in the third quarter. ACT Advisors LLC. now owns 286,908 shares of the company’s stock valued at $19,300,000 after buying an additional 6,397 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its holdings in shares of Invesco S&P 500 Quality ETF by 34.7% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 13,470 shares of the company’s stock valued at $856,000 after buying an additional 3,470 shares during the period.

Invesco S&P 500 Quality ETF Company Profile

(Get Free Report)

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.