Name of ETF: PowerShares S&P 500 High Quality ETF
Benchmark Index: S&P 500 High Quality Rankings Index
Ticker Symbol: SPHQ
Approximate Number of Stocks in this ETF: 130
Types of Companies Included: Large and mid-sized companies in the S&P 500 that meet certain fundamental criteria. Some of the fundamentals used in the selection process are:
- Earnings growth and stability
- Dividend growth and stability
Individual Company Weight: This ETF is diversified with no one company representing a significant percentage of the ETF.