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 stock traded as high as $115.24 and last traded at $115.16, with a volume of 74503 shares traded. The stock had previously closed at $113.42.
Invesco S&P 500 High Beta ETF Price Performance
The company’s 50-day simple moving average is $108.53 and its 200-day simple moving average is $97.37. The stock has a market capitalization of $516.80 million, a P/E ratio of 20.84 and a beta of 1.49.
Institutional Trading of Invesco S&P 500 High Beta ETF
Several hedge funds have recently bought and sold shares of SPHB. Capital Investment Advisory Services LLC grew its position in Invesco S&P 500 High Beta ETF by 8.6% in the 1st quarter. Capital Investment Advisory Services LLC now owns 33,778 shares of the company’s stock valued at $2,643,000 after purchasing an additional 2,676 shares during the period. Bank of New York Mellon Corp purchased a new position in Invesco S&P 500 High Beta ETF during the 1st quarter worth $373,000. Gateway Wealth Partners LLC purchased a new position in Invesco S&P 500 High Beta ETF during the 1st quarter worth $1,248,000. LPL Financial LLC boosted its holdings in Invesco S&P 500 High Beta ETF by 188.7% during the 1st quarter. LPL Financial LLC now owns 385,387 shares of the company’s stock worth $30,160,000 after acquiring an additional 251,894 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in Invesco S&P 500 High Beta ETF by 526.6% during the 1st quarter. National Bank of Canada FI now owns 1,529 shares of the company’s stock worth $120,000 after acquiring an additional 1,285 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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