Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Reaches New 12-Month High – Time to Buy?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s stock price reached a new 52-week high on Monday . The company traded as high as $155.14 and last traded at $154.29, with a volume of 54914 shares changing hands. The stock had previously closed at $148.73.

Invesco S&P 500 High Beta ETF Stock Performance

The business’s 50 day moving average is $136.70 and its 200 day moving average is $125.74. The company has a market capitalization of $927.78 million, a price-to-earnings ratio of 20.84 and a beta of 1.41.

Institutional Trading of Invesco S&P 500 High Beta ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPHB. Cornerstone Planning Group LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at approximately $28,000. Founders Financial Alliance LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the third quarter worth $36,000. Chesapeake Asset Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth $41,000. International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth $49,000. Finally, Realta Investment Advisors purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth $74,000.

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.