Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $157.59 and last traded at $157.3070, with a volume of 56278 shares trading hands. The stock had previously closed at $155.57.
Invesco S&P 500 High Beta ETF Trading Down 1.0%
The firm has a market cap of $998.26 million, a P/E ratio of 20.84 and a beta of 1.44. The firm has a 50-day simple moving average of $148.38 and a 200-day simple moving average of $142.11.
Institutional Investors Weigh In On Invesco S&P 500 High Beta ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. City Center Advisors LLC acquired a new stake in Invesco S&P 500 High Beta ETF in the 3rd quarter worth approximately $375,000. Ayalon Insurance Comp Ltd. acquired a new position in Invesco S&P 500 High Beta ETF during the 3rd quarter valued at approximately $4,062,000. Envestnet Asset Management Inc. raised its holdings in shares of Invesco S&P 500 High Beta ETF by 70.9% in the second quarter. Envestnet Asset Management Inc. now owns 50,126 shares of the company’s stock worth $7,799,000 after buying an additional 20,797 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Invesco S&P 500 High Beta ETF by 9.4% in the second quarter. Integrated Wealth Concepts LLC now owns 5,116 shares of the company’s stock worth $796,000 after buying an additional 440 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Invesco S&P 500 High Beta ETF by 1.8% during the second quarter. NewEdge Advisors LLC now owns 143,770 shares of the company’s stock worth $22,369,000 after buying an additional 2,609 shares during the period.
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.
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