Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sets New 52-Week High – Here’s What Happened

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $116.90 and last traded at $116.7280, with a volume of 196649 shares. The stock had previously closed at $116.26.

Invesco S&P 500 High Beta ETF Stock Performance

The firm has a market capitalization of $557.24 million, a price-to-earnings ratio of 20.84 and a beta of 1.47. The firm has a fifty day moving average price of $111.80 and a 200 day moving average price of $103.92.

Institutional Trading of Invesco S&P 500 High Beta ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 High Beta ETF by 26.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 8,681 shares of the company’s stock worth $953,000 after purchasing an additional 1,803 shares during the period. Mariner LLC acquired a new position in shares of Invesco S&P 500 High Beta ETF during the third quarter valued at approximately $1,130,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the third quarter worth $507,000. Hilltop Holdings Inc. lifted its stake in Invesco S&P 500 High Beta ETF by 116.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 56,921 shares of the company’s stock worth $6,250,000 after acquiring an additional 30,609 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in Invesco S&P 500 High Beta ETF in the third quarter worth approximately $1,516,000.

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.