Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $138.00 and traded as high as $139.91. Invesco S&P 500 High Beta ETF shares last traded at $138.12, with a volume of 376,239 shares.

Invesco S&P 500 High Beta ETF Trading Up 3.2%

The business’s 50 day moving average is $145.01 and its 200 day moving average is $138.00. The stock has a market capitalization of $827.34 million, a PE ratio of 20.84 and a beta of 1.47.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Private Advisor Group LLC bought a new position in Invesco S&P 500 High Beta ETF in the 3rd quarter valued at $1,788,000. Focus Advisor Solutions LLC lifted its position in shares of Invesco S&P 500 High Beta ETF by 8.3% during the third quarter. Focus Advisor Solutions LLC now owns 53,408 shares of the company’s stock worth $8,050,000 after purchasing an additional 4,106 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF during the third quarter worth $1,358,000. Hantz Financial Services Inc. purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the third quarter valued at $151,000. Finally, Harbour Investments Inc. purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the third quarter valued at $113,000.

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.