The Invesco S&P 500 Quality ETF (SPHQ) experienced a notable $133 million outflow this week, marking a 0.9% decrease in shares outstanding, from 202,190,000 to 200,450,000. This decline occurs amid mixed performance among its largest holdings, with Accenture plc (ACN) rising 3.2%, Progressive Corp. (PGR) increasing 1.9%, and 3M Co (MMM) dropping by 0.1%.
The ETF’s current share price is $76.64, situated between its 52-week low of $57.67 and a high of $77.31. The 200-day moving average is also a crucial benchmark for assessing the ETF’s performance in the market.
