Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Shares Down 2.5% – Time to Sell?

Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) fell 2.5% during trading on Monday . The company traded as low as $145.07 and last traded at $145.69. 469,577 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 374,446 shares. The stock had previously closed at $149.45.

Invesco S&P 500 High Beta ETF Trading Down 1.0%

The company has a market cap of $1.00 billion, a PE ratio of 20.84 and a beta of 1.40. The firm’s 50-day simple moving average is $146.85 and its two-hundred day simple moving average is $131.05.

Hedge Funds Weigh In On Invesco S&P 500 High Beta ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC raised its holdings in Invesco S&P 500 High Beta ETF by 1.7% in the 4th quarter. Stratos Wealth Advisors LLC now owns 5,800 shares of the company’s stock valued at $678,000 after acquiring an additional 99 shares during the last quarter. Advisors Preferred LLC boosted its holdings in shares of Invesco S&P 500 High Beta ETF by 1.1% during the 4th quarter. Advisors Preferred LLC now owns 9,200 shares of the company’s stock worth $1,095,000 after purchasing an additional 100 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Invesco S&P 500 High Beta ETF by 43.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 328 shares of the company’s stock worth $38,000 after purchasing an additional 100 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Invesco S&P 500 High Beta ETF by 0.7% in the fourth quarter. Cetera Investment Advisers now owns 22,789 shares of the company’s stock valued at $2,666,000 after purchasing an additional 158 shares in the last quarter. Finally, Avant Capital LLC grew its position in shares of Invesco S&P 500 High Beta ETF by 6.1% in the fourth quarter. Avant Capital LLC now owns 3,636 shares of the company’s stock valued at $425,000 after purchasing an additional 209 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.