Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $142.88 and last traded at $142.63, with a volume of 300499 shares changing hands. The stock had previously closed at $140.00.
Invesco S&P 500 High Beta ETF Stock Up 1.4%
The company has a market capitalization of $851.88 million, a price-to-earnings ratio of 20.84 and a beta of 1.39. The stock’s fifty day moving average price is $127.57 and its 200-day moving average price is $121.79.
Institutional Trading of Invesco S&P 500 High Beta ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in shares of Invesco S&P 500 High Beta ETF by 75.7% in the third quarter. Jones Financial Companies Lllp now owns 19,786 shares of the company’s stock valued at $2,165,000 after purchasing an additional 8,523 shares during the last quarter. Hilltop Holdings Inc. raised its holdings in shares of Invesco S&P 500 High Beta ETF by 116.3% in the third quarter. Hilltop Holdings Inc. now owns 56,921 shares of the company’s stock valued at $6,250,000 after purchasing an additional 30,609 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter valued at approximately $2,660,000. Sowell Financial Services LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter valued at approximately $1,036,000. Finally, PFG Advisors raised its holdings in shares of Invesco S&P 500 High Beta ETF by 835.6% in the third quarter. PFG Advisors now owns 93,125 shares of the company’s stock valued at $10,225,000 after purchasing an additional 83,172 shares during the last quarter.
About Invesco S&P 500 High Beta ETF
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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