Northwestern Mutual Wealth Management Co. Acquires 374,168 Shares of Invesco S&P 500 High Beta ETF $SPHB

Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 4,310.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 382,849 shares of the company’s stock after buying an additional 374,168 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.07% of Invesco S&P 500 High Beta ETF worth $44,422,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Stratos Wealth Advisors LLC grew its position in Invesco S&P 500 High Beta ETF by 1.7% in the 4th quarter. Stratos Wealth Advisors LLC now owns 5,800 shares of the company’s stock valued at $678,000 after acquiring an additional 99 shares during the last quarter. Advisors Preferred LLC grew its position in shares of Invesco S&P 500 High Beta ETF by 1.1% during the 4th quarter. Advisors Preferred LLC now owns 9,200 shares of the company’s stock worth $1,095,000 after buying an additional 100 shares in the last quarter. Cornerstone Planning Group LLC bought a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter worth $28,000. Founders Financial Alliance LLC bought a new position in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter worth $36,000. Finally, Avant Capital LLC grew its position in shares of Invesco S&P 500 High Beta ETF by 11.0% during the 3rd quarter. Avant Capital LLC now owns 3,427 shares of the company’s stock worth $376,000 after buying an additional 339 shares in the last quarter.

Invesco S&P 500 High Beta ETF Trading Down 1.8%

SPHB opened at $135.61 on Tuesday. Invesco S&P 500 High Beta ETF has a 12-month low of $85.44 and a 12-month high of $142.59. The business’s fifty day simple moving average is $126.05 and its 200-day simple moving average is $121.19. The company has a market capitalization of $813.66 million, a price-to-earnings ratio of 20.84 and a beta of 1.39.

Invesco S&P 500 High Beta ETF 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.