Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 4,310.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 382,849 shares of the company’s stock after acquiring an additional 374,168 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 6.85% of Invesco S&P 500 High Beta ETF worth $44,422,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in shares of Invesco S&P 500 High Beta ETF by 75.7% during the third quarter. Jones Financial Companies Lllp now owns 19,786 shares of the company’s stock worth $2,165,000 after acquiring an additional 8,523 shares in the last quarter. Hilltop Holdings Inc. raised its stake in shares of Invesco S&P 500 High Beta ETF by 116.3% during the third 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. Synergy Asset Management LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth approximately $2,660,000. Sowell Financial Services LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth approximately $1,036,000. Finally, Hutchens & Kramer Investment Management Group LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth approximately $598,000.
Invesco S&P 500 High Beta ETF Stock Performance
SPHB stock opened at $135.61 on Tuesday. The company has a market capitalization of $813.66 million, a PE ratio of 20.84 and a beta of 1.39. Invesco S&P 500 High Beta ETF has a one year low of $85.44 and a one year high of $142.59. The company’s 50 day moving average price is $126.05 and its two-hundred day moving average price is $121.19.
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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