Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) saw unusually-high trading volume on Monday . Approximately 433,865 shares changed hands during trading, an increase of 73% from the previous session’s volume of 250,389 shares.The stock last traded at $90.35 and had previously closed at $91.31.

Invesco S&P 500 High Beta ETF Trading Up 0.6 %

The company has a market capitalization of $649.51 million, a PE ratio of 22.23 and a beta of 1.48. The business’s fifty day moving average is $91.77 and its two-hundred day moving average is $88.65.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SPHB. Proficio Capital Partners LLC bought a new position in shares of Invesco S&P 500 High Beta ETF in the 4th quarter worth approximately $1,281,000. Oppenheimer & Co. Inc. boosted its stake in shares of Invesco S&P 500 High Beta ETF by 22.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,752 shares of the company’s stock worth $244,000 after acquiring an additional 509 shares during the last quarter. Abound Financial LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter worth $1,760,000. Boston Financial Mangement LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at $273,000. Finally, Global Retirement Partners LLC increased its stake in shares of Invesco S&P 500 High Beta ETF by 642.9% in the 4th quarter. Global Retirement Partners LLC now owns 520 shares of the company’s stock worth $46,000 after purchasing an additional 450 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.