Gradient Investments LLC Has $327,000 Stock Position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Gradient Investments LLC decreased its stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Rating) by 16.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,241 shares of the company’s stock after selling 1,007 shares during the period. Gradient Investments LLC owned approximately 0.07% of Invesco S&P 500 High Beta ETF worth $327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN boosted its stake in Invesco S&P 500 High Beta ETF by 38.0% during the second quarter. Wells Fargo & Company MN now owns 654,603 shares of the company’s stock worth $38,367,000 after buying an additional 180,227 shares in the last quarter. Q3 Asset Management acquired a new stake in Invesco S&P 500 High Beta ETF during the third quarter worth $6,175,000. Jane Street Group LLC boosted its stake in Invesco S&P 500 High Beta ETF by 1,011.8% during the second quarter. Jane Street Group LLC now owns 105,819 shares of the company’s stock worth $6,202,000 after buying an additional 96,301 shares in the last quarter. HBW Advisory Services LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the third quarter worth $2,864,000. Finally, Private Advisor Group LLC boosted its stake in Invesco S&P 500 High Beta ETF by 288.3% during the third quarter. Private Advisor Group LLC now owns 45,791 shares of the company’s stock worth $2,628,000 after buying an additional 33,998 shares in the last quarter.

Invesco S&P 500 High Beta ETF Price Performance

SPHB opened at $66.32 on Friday. Invesco S&P 500 High Beta ETF has a fifty-two week low of $54.60 and a fifty-two week high of $78.82. The firm’s fifty day moving average price is $70.93 and its two-hundred day moving average price is $65.80. The company has a market capitalization of $520.61 million, a P/E ratio of 23.20 and a beta of 1.46.

Invesco S&P 500 High Beta ETF Profile

(Get Rating)

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.