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

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $147.29 and last traded at $146.29, with a volume of 496133 shares trading hands. The stock had previously closed at $145.94.

Invesco S&P 500 High Beta ETF Stock Performance

The company has a 50 day moving average price of $129.24 and a 200 day moving average price of $122.52. The company has a market capitalization of $877.74 million, a price-to-earnings ratio of 20.84 and a beta of 1.39.

Institutional Trading of Invesco S&P 500 High Beta ETF

Several large investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco S&P 500 High Beta ETF by 4,310.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 382,849 shares of the company’s stock valued at $44,422,000 after buying an additional 374,168 shares during the period. Wells Fargo & Company MN lifted its position in Invesco S&P 500 High Beta ETF by 75.8% in the 4th quarter. Wells Fargo & Company MN now owns 381,649 shares of the company’s stock valued at $44,642,000 after acquiring an additional 164,522 shares in the last quarter. LPL Financial LLC lifted its position in Invesco S&P 500 High Beta ETF by 11.9% in the 4th quarter. LPL Financial LLC now owns 221,840 shares of the company’s stock valued at $25,949,000 after acquiring an additional 23,514 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Invesco S&P 500 High Beta ETF by 19.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 170,536 shares of the company’s stock valued at $18,725,000 after acquiring an additional 27,943 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Invesco S&P 500 High Beta ETF by 271,263.5% in the 1st quarter. NewEdge Advisors LLC now owns 141,109 shares of the company’s stock valued at $16,362,000 after acquiring an additional 141,057 shares in the last quarter.

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.