SPHQ Stock Summary and Trading Ideas (Invesco S&P 500 Quality ETF | ARCA:SPHQ)

The Invesco S&P 500 Quality ETF (Fund) is based on the S&P 500 Quality Index (Index).The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index tracks the performance of stocks in the S&P 500 Index that have the highest quality score, which is calculated based on three fundamental measures, return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

Invesco S&P 500 Quality ETF trades on the ARCA stock market under the symbol SPHQ.

As of April 19, 2024, SPHQ stock price declined to $57.36 with 1,012,388 million shares trading.

SPHQ has a beta of 0.95, meaning it tends to be less sensitive to market movements. SPHQ has a correlation of 0.93 to the broad based SPY ETF.

SPHQ has a market cap of $8.38 billion. This is considered a Mid Cap stock.

In the last 3 years, SPHQ stock traded as high as $60.77 and as low as $39.18.

SPHQ has outperformed the market in the last year with a price return of +21.6% while the SPY ETF gained +21.1%. SPHQ has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.4% and -3.2%, respectively, while the SPY returned +4.2% and -3.6%, respectively.

SPHQ support price is $57.53 and resistance is $58.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SPHQ stock will trade within this expected range on the day.