Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Shares Down 0.7% – Should You Sell?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s stock price was down 0.7% on Tuesday . The company traded as low as $141.57 and last traded at $141.99. Approximately 361,098 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 355,831 shares. The stock had previously closed at $143.03.

Invesco S&P 500 High Beta ETF Stock Down 0.7%

The company has a market cap of $983.99 million, a P/E ratio of 20.84 and a beta of 1.42. The company’s 50-day moving average is $145.85 and its two-hundred day moving average is $138.56.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SPHB. Integrated Wealth Concepts LLC grew its stake in shares of Invesco S&P 500 High Beta ETF by 9.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,116 shares of the company’s stock worth $796,000 after acquiring an additional 440 shares during the period. NewEdge Advisors LLC increased its holdings in Invesco S&P 500 High Beta ETF by 1.8% in the 2nd quarter. NewEdge Advisors LLC now owns 143,770 shares of the company’s stock worth $22,369,000 after acquiring an additional 2,609 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC raised its stake in Invesco S&P 500 High Beta ETF by 3.9% in the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 32,356 shares of the company’s stock valued at $5,034,000 after acquiring an additional 1,200 shares during the period. Continuum Advisory LLC bought a new stake in Invesco S&P 500 High Beta ETF in the 2nd quarter valued at about $78,000. Finally, Wealthcare Advisory Partners LLC purchased a new stake in Invesco S&P 500 High Beta ETF during the second quarter valued at about $751,000.

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.