Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Reaches New 12-Month High – Here’s Why

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) shares reached a new 52-week high on Thursday . The stock traded as high as $124.01 and last traded at $123.9140, with a volume of 11880 shares. The stock had previously closed at $122.40.

Invesco S&P 500 High Beta ETF Stock Performance

The stock has a market capitalization of $658.27 million, a P/E ratio of 20.84 and a beta of 1.47. The firm’s fifty day simple moving average is $116.12 and its 200 day simple moving average is $109.85.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Allianz SE bought a new stake in Invesco S&P 500 High Beta ETF during the second quarter worth $21,799,000. BNP Paribas Financial Markets raised its holdings in shares of Invesco S&P 500 High Beta ETF by 19.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 170,536 shares of the company’s stock worth $18,725,000 after buying an additional 27,943 shares in the last quarter. Axiom Financial Strategies LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter worth $14,891,000. Citadel Advisors LLC boosted its stake in Invesco S&P 500 High Beta ETF by 0.5% in the third quarter. Citadel Advisors LLC now owns 101,679 shares of the company’s stock valued at $11,164,000 after buying an additional 510 shares in the last quarter. Finally, PFG Advisors boosted its stake in 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 buying an additional 83,172 shares in the last quarter.

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.