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

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $147.29 and last traded at $146.29, with a volume of 496133 shares. The stock had previously closed at $145.94.

Invesco S&P 500 High Beta ETF Trading Up 0.2%

The company has a market cap of $877.74 million, a P/E ratio of 20.84 and a beta of 1.39. The business’s fifty day moving average is $129.24 and its 200 day moving average is $122.52.

Institutional Investors Weigh In On Invesco S&P 500 High Beta ETF

A number of hedge funds have recently modified their holdings of SPHB. BNP Paribas Financial Markets raised its holdings in shares of Invesco S&P 500 High Beta ETF by 13.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 142,593 shares of the company’s stock worth $13,907,000 after purchasing an additional 17,300 shares during the period. Headlands Technologies LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the 2nd quarter worth approximately $104,000. Jones Financial Companies Lllp raised its holdings in shares of Invesco S&P 500 High Beta ETF by 75.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 19,786 shares of the company’s stock worth $2,165,000 after purchasing an additional 8,523 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter worth approximately $231,000. Finally, Founders Financial Alliance LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter worth approximately $36,000.

Invesco S&P 500 High Beta ETF Company Profile

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.