SPHQ: Still A Buy, But Its Quality Advantage Over JQUA May Not Be Sustainable
Invesco S&P 500 Quality ETF maintains a 'buy' rating, despite recent underperformance versus the JPMorgan U.S. Quality Factor ETF, iShares MSCI USA Quality Factor ETF, and the SPDR S&P 500 ETF Trust. SPHQ heavily favors tech stocks, now at its 40% sector cap, driven by high ROE and market cap weighting. This article explains why this may not change much moving forward. SPHQ's 41.57% ROE is the highest among all the U.S. Large-Cap ETFs I track, proving that it comes as advertised. However, unusually high profitability may not be sustainable.
Why Quality Investing Is About More Than Outperformance
Outperformance is only half the story of quality investing. As George Valantis, director of factors and dividends at S&P Dow Jones Indices, pointed out — the quality factor can also matter for how portfolios behave when markets come under pressure.
When Quality Matters, Turn to this ETF
Among the various investment factors, quality rarely gets the same attention as growth, size, or value. However, focusing on quality over long-term holding periods quietly delivers outsized benefits.
Is Invesco S&P 500 Quality ETF (SPHQ) a Strong ETF Right Now?
Launched on 12/06/2005, the Invesco S&P 500 Quality ETF (SPHQ) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Blend category of the market.
SPHQ: Quality Wins Even After A Riskier June Rebalance
SPHQ invests in 100 S&P 500 Index stocks with high return on equity, low financial leverage, and accruals ratios, which is a really elegant way of measuring quality. ROE has some drawbacks and may not be the most ideal capital efficiency ratio, but I verified that SPHQ is also strong on ROCE and several margin metrics. SPHQ's Index reconstituted last month, pushing tech sector exposure near 40% and more in line with peers like QUAL and JQUA as well as the S&P 500 Index, its benchmark.
Quality ETF (SPHQ) Hits New 52-Week High
SPHQ reaches a 52-week high as quality investing regains favor in a volatile market.
Quality Paid Again: SPHQ Beat the Index With Half the Drama
The quality factor tends to earn its keep when investors start worrying about balance sheets again, and the Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) is making that case in real time.
Is Invesco S&P 500 Quality ETF (SPHQ) a Strong ETF Right Now?
Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the Invesco S&P 500 Quality ETF (SPHQ) is a smart beta exchange traded fund launched on 12/06/2005.
SPHQ Outpaced JQUA by 500 Basis Points Over Five Years Despite Being the Riskier Trade
If you want a quality-factor tilt on U.S. large caps, the two cleanest options are the Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ | SPHQ Price Prediction) and the JPMorgan U.S.
Is Invesco S&P 500 Quality ETF (SPHQ) a Strong ETF Right Now?
Designed to provide broad exposure to the Style Box - Large Cap Blend category of the market, the Invesco S&P 500 Quality ETF (SPHQ) is a smart beta exchange traded fund launched on 12/06/2005.
Ausdal Financial Partners Inc. Has $3.04 Million Stake in Invesco S&P 500 Quality ETF $SPHQ
Ausdal Financial Partners Inc. boosted its position in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 187.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,424 shares of the company's stock after purchasing an additional 27,003 shares
Ameriprise Financial Inc. Decreases Stock Position in Invesco S&P 500 Quality ETF $SPHQ
Ameriprise Financial Inc. lessened its stake in Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,784,175 shares of the company's stock after selling 463,345 shares during the period. Ameriprise
