Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 167,949 shares changed hands during trading, a decline of 34% from the previous session’s volume of 255,536 shares.The stock last traded at $94.21 and had previously closed at $94.81.
Invesco S&P 500 High Beta ETF Stock Performance
The business’s 50 day moving average price is $91.85 and its 200-day moving average price is $88.47. The firm has a market capitalization of $670.95 million, a PE ratio of 22.23 and a beta of 1.48.
Institutional Trading of Invesco S&P 500 High Beta ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of Invesco S&P 500 High Beta ETF by 27.8% in the second quarter. Bank of Montreal Can now owns 8,732 shares of the company’s stock valued at $742,000 after buying an additional 1,902 shares in the last quarter. Millennium Management LLC purchased a new position in Invesco S&P 500 High Beta ETF during the 2nd quarter valued at about $3,965,000. Chicago Wealth Management Inc. grew its position in Invesco S&P 500 High Beta ETF by 131.6% in the 2nd quarter. Chicago Wealth Management Inc. now owns 6,435 shares of the company’s stock valued at $543,000 after acquiring an additional 3,656 shares in the last quarter. Cetera Investment Advisers increased its stake in Invesco S&P 500 High Beta ETF by 10.7% during the second 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. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the second quarter worth about $682,000.
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.
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