Invesco S&P 500 Quality ETF [SPHQ] Stock Forecast

Are you a growth or value investor? If you are unsure, you're probably well suited to own one or two large-blend ETFs.

Invesco S&P 500® Quality ETF focuses on investing in fundamentally strong companies in the S&P 500 Index. The SPHQ ETF uses a rigorous quality rating system based on three fundamental measures: return on equity, accruals ratio, and financial leverage ratio. The ETF has demonstrated impressive performance, resilience during market downturns, and provides downside protection to investors.

The second best-performing S&P 500 factor in August, quality ETFs are currently having a moment. The popular Invesco S&P 500 Quality ETF (SPHQ) has seen strong inflows recently, accreting $319 million in net flows in one month.

The S&P 500 returned an average of 186% during the last nine bull markets. The Vanguard S&P 500 ETF is a basket of 500 large U.S. companies that Warren Buffett says are "virtually certain to be worth more in the future.

As U.S. equities struggled last month, just two S&P 500 factor indexes posted position returns in August. The S&P 500 declined 1.6% in August, marking its second monthly decline year to date.

For investors seeking momentum, Invesco S&P 500 Quality ETF SPHQ is probably on radar. The fund just hit a 52-week high and is up 34.1% from its 52-week low price of $39.18/share.

Due to higher rates and global economic slowdown, Wall Street may come under pressure in the near term. Quality investing then may safeguard your portfolio.

Economic data seems all over the place. GDP is up 2.4% for the second quarter, a bigger increase than we saw in the first quarter.

Investors may be wondering which ETFs offer the most exposure to the handful of names that are reporting earnings after the bell on Tuesday. Key earnings reports being released after market close today include Alphabet (GOOG), Microsoft (MSFT), Visa (V), and Snap (SNAP).

The interest rates in the United States are expected to remain higher for longer. Despite some officials seeking for a 0.25% hike in rates in June due to a solid labor market and signs of economic resilience, the decision to hold rates steady was unanimous, leading to a pause.

Invesco S&P 500 Quality ETF is a US stock and trading under the symbol SPHQ

Invesco S&P 500 Quality ETF stock price is $50.31 today.

Yes, Invesco S&P 500 Quality ETF is a publicly traded company.