Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Large Volume Increase – Here’s Why

Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) saw unusually-high trading volume on Monday . Approximately 265,153 shares changed hands during trading, an increase of 13% from the previous session’s volume of 235,147 shares.The stock last traded at $89.44 and had previously closed at $90.90.

Invesco S&P 500 High Beta ETF Price Performance

The business’s fifty day moving average price is $91.47 and its 200-day moving average price is $89.49. The stock has a market capitalization of $642.30 million, a PE ratio of 22.23 and a beta of 1.48.

Institutional Trading of Invesco S&P 500 High Beta ETF

A number of large investors have recently modified their holdings of the business. Harbour Investments Inc. purchased a new stake in Invesco S&P 500 High Beta ETF during the fourth quarter valued at about $28,000. CIBC Private Wealth Group LLC raised its holdings in shares of Invesco S&P 500 High Beta ETF by 229.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 431 shares of the company’s stock valued at $39,000 after buying an additional 300 shares in the last quarter. Global Retirement Partners LLC lifted its position in Invesco S&P 500 High Beta ETF by 642.9% in the 4th quarter. Global Retirement Partners LLC now owns 520 shares of the company’s stock worth $46,000 after buying an additional 450 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in Invesco S&P 500 High Beta ETF in the fourth quarter worth approximately $47,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Invesco S&P 500 High Beta ETF during the fourth quarter valued at approximately $81,000.

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.