PFG Advisors Grows Stock Position in Invesco S&P 500 High Beta ETF $SPHB

PFG Advisors increased its stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 835.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,125 shares of the company’s stock after purchasing an additional 83,172 shares during the quarter. PFG Advisors owned 1.95% of Invesco S&P 500 High Beta ETF worth $10,225,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in Invesco S&P 500 High Beta ETF by 75.7% during the third quarter. Jones Financial Companies Lllp now owns 19,786 shares of the company’s stock worth $2,165,000 after buying an additional 8,523 shares during the period. Osaic Holdings Inc. boosted its stake in shares of Invesco S&P 500 High Beta ETF by 86.4% during the 2nd quarter. Osaic Holdings Inc. now owns 24,612 shares of the company’s stock worth $2,373,000 after acquiring an additional 11,411 shares in the last quarter. Allianz SE purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the 2nd quarter worth approximately $21,799,000. AE Wealth Management LLC grew its holdings in shares of Invesco S&P 500 High Beta ETF by 4,342.4% in the 2nd quarter. AE Wealth Management LLC now owns 7,863 shares of the company’s stock worth $767,000 after acquiring an additional 7,686 shares during the period. Finally, Bank Hapoalim BM acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter worth approximately $9,443,000.

Invesco S&P 500 High Beta ETF Stock Down 2.9%

NYSEARCA SPHB opened at $118.28 on Monday. Invesco S&P 500 High Beta ETF has a fifty-two week low of $64.40 and a fifty-two week high of $126.59. The business has a fifty day moving average of $122.04 and a 200-day moving average of $115.30. The stock has a market cap of $661.19 million, a price-to-earnings ratio of 20.84 and a beta of 1.47.

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.