28-Mar-2024
No headlines found.
No press releases found.
No news found.
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 March 28, 2024, SPHQ stock price climbed to $60.42 with 619,607 million shares trading.
SPHQ has a beta of 0.96, 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 $8.73 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 underperformed the market in the last year with a price return of +33.5% while the SPY ETF gained +33.6%. However, in the short term, SPHQ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.8% vs +10.1% return in SPY. But in the last 2 weeks, SPHQ shares have been beat by the market, returning +1.3% compared to an SPY return of +1.7%.
SPHQ support price is $59.86 and resistance is $60.74 (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.