Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $155.14 and last traded at $154.29, with a volume of 54914 shares changing hands. The stock had previously closed at $148.73.
Invesco S&P 500 High Beta ETF Stock Performance
The firm has a market cap of $927.78 million, a PE ratio of 20.84 and a beta of 1.41. The company’s 50-day simple moving average is $136.70 and its two-hundred day simple moving average is $125.74.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Midwest Financial Network LLC bought a new position in Invesco S&P 500 High Beta ETF in the 1st quarter worth $285,000. NewEdge Advisors LLC raised its holdings in Invesco S&P 500 High Beta ETF by 271,363.5% in the 1st quarter. NewEdge Advisors LLC now owns 141,161 shares of the company’s stock worth $16,368,000 after purchasing an additional 141,109 shares in the last quarter. Gateway Wealth Partners LLC raised its holdings in Invesco S&P 500 High Beta ETF by 74.9% in the 1st quarter. Gateway Wealth Partners LLC now owns 4,312 shares of the company’s stock worth $500,000 after purchasing an additional 1,846 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in Invesco S&P 500 High Beta ETF by 75.3% in the 1st quarter. Hilltop Holdings Inc. now owns 13,473 shares of the company’s stock worth $1,562,000 after purchasing an additional 5,788 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Invesco S&P 500 High Beta ETF by 29.9% in the 1st quarter. Cetera Investment Advisers now owns 29,595 shares of the company’s stock worth $3,432,000 after purchasing an additional 6,806 shares in the last quarter.
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.
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