Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Reaches New 1-Year High – Here’s What Happened

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s share price hit a new 52-week high on Monday . The stock traded as high as $124.71 and last traded at $124.8450, with a volume of 88711 shares changing hands. The stock had previously closed at $123.00.

Invesco S&P 500 High Beta ETF Trading Up 1.0%

The company has a market cap of $694.50 million, a price-to-earnings ratio of 20.84 and a beta of 1.47. The stock has a 50-day simple moving average of $120.29 and a 200-day simple moving average of $112.62.

Institutional Trading of Invesco S&P 500 High Beta ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. increased its position in shares of Invesco S&P 500 High Beta ETF by 86.4% during the 2nd quarter. Osaic Holdings Inc. now owns 24,612 shares of the company’s stock valued at $2,373,000 after purchasing an additional 11,411 shares during the period. Allianz SE bought a new position in Invesco S&P 500 High Beta ETF during the second quarter valued at about $21,799,000. Jones Financial Companies Lllp grew its holdings in 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 during the period. AE Wealth Management LLC raised its position in Invesco S&P 500 High Beta ETF by 4,342.4% in the second quarter. AE Wealth Management LLC now owns 7,863 shares of the company’s stock worth $767,000 after acquiring an additional 7,686 shares in the last quarter. Finally, Bank Hapoalim BM bought a new stake in Invesco S&P 500 High Beta ETF in the third quarter worth about $9,443,000.

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.