Invesco S&P 500 High Beta ETF $SPHB Stake Trimmed by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lowered its stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 27.6% during the fourth quarter, HoldingsChannel reports. The firm owned 20,737 shares of the company’s stock after selling 7,908 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Invesco S&P 500 High Beta ETF were worth $2,426,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SPHB. LPL Financial LLC boosted its position in shares of Invesco S&P 500 High Beta ETF by 11.9% in the fourth quarter. LPL Financial LLC now owns 221,840 shares of the company’s stock worth $25,949,000 after buying an additional 23,514 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Invesco S&P 500 High Beta ETF by 6.9% in the fourth quarter. JPMorgan Chase & Co. now owns 50,011 shares of the company’s stock worth $5,850,000 after buying an additional 3,244 shares during the period. XML Financial LLC boosted its position in shares of Invesco S&P 500 High Beta ETF by 23.5% in the fourth quarter. XML Financial LLC now owns 3,076 shares of the company’s stock worth $360,000 after buying an additional 586 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco S&P 500 High Beta ETF by 72.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,930 shares of the company’s stock worth $1,746,000 after buying an additional 6,249 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter worth $274,000.

Invesco S&P 500 High Beta ETF Trading Down 3.6%

Shares of NYSEARCA SPHB opened at $139.70 on Thursday. Invesco S&P 500 High Beta ETF has a one year low of $90.68 and a one year high of $153.31. The firm has a market capitalization of $838.20 million, a PE ratio of 20.84 and a beta of 1.41. The business has a 50-day moving average price of $135.46 and a two-hundred day moving average price of $125.17.

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.