Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sets New 52-Week High – Here’s Why

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHBGet Free Report)’s share price hit a new 52-week high on Thursday . The stock traded as high as $124.65 and last traded at $121.93, with a volume of 59108 shares changing hands. The stock had previously closed at $123.53.

Invesco S&P 500 High Beta ETF Price Performance

The firm has a market cap of $684.92 million, a price-to-earnings ratio of 20.84 and a beta of 1.47. The company has a fifty day moving average price of $118.40 and a two-hundred day moving average price of $111.44.

Hedge Funds Weigh In On Invesco S&P 500 High Beta ETF

Hedge funds have recently bought and sold shares of the business. Founders Financial Alliance LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the third quarter valued at about $36,000. Chesapeake Asset Management LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter valued at approximately $41,000. Delos Wealth Advisors LLC acquired a new stake in Invesco S&P 500 High Beta ETF in the 2nd quarter worth $38,000. Realta Investment Advisors acquired a new stake in Invesco S&P 500 High Beta ETF during the fourth quarter worth about $74,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter worth approximately $77,000.

About Invesco S&P 500 High Beta ETF

(Get Free Report)

The Invesco S&P 500 High Beta ETF (SPHB) is an exchange-traded fund that is based on the S&P 500 High Beta index. The fund tracks a beta-weighted index of the 100 highest-beta stocks in the S&P 500. SPHB was launched on May 5, 2011 and is managed by Invesco.

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