E&G Advisors LP Lowers Position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

E&G Advisors LP trimmed its position in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,104 shares of the company’s stock after selling 1,267 shares during the quarter. E&G Advisors LP owned approximately 0.37% of Invesco S&P 500 High Beta ETF worth $2,329,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Cetera Investment Advisers raised its holdings in Invesco S&P 500 High Beta ETF by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 12,349 shares of the company’s stock worth $1,043,000 after purchasing an additional 1,193 shares during the period. Ignite Planners LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 1st quarter valued at approximately $338,000. Avantax Advisory Services Inc. grew its stake in Invesco S&P 500 High Beta ETF by 235.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 19,597 shares of the company’s stock valued at $1,719,000 after acquiring an additional 13,753 shares during the period. Private Advisor Group LLC increased its holdings in Invesco S&P 500 High Beta ETF by 22.7% in the 1st quarter. Private Advisor Group LLC now owns 12,419 shares of the company’s stock worth $1,090,000 after acquiring an additional 2,295 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Invesco S&P 500 High Beta ETF by 33.4% in the 1st quarter. Jane Street Group LLC now owns 106,251 shares of the company’s stock worth $9,322,000 after acquiring an additional 26,614 shares in the last quarter.

Invesco S&P 500 High Beta ETF Stock Up 0.4 %

SPHB opened at $90.85 on Friday. The firm’s fifty day simple moving average is $86.39 and its two-hundred day simple moving average is $84.86. Invesco S&P 500 High Beta ETF has a 52-week low of $63.15 and a 52-week high of $91.95. The company has a market cap of $645.04 million, a price-to-earnings ratio of 22.23 and a beta of 1.48.

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.