US Bancorp DE acquired a new stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 670 shares of the company’s stock, valued at approximately $47,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers bought a new stake in shares of Invesco S&P 500 High Beta ETF during the 1st quarter worth $224,000. Private Advisory Group LLC boosted its holdings in shares of Invesco S&P 500 High Beta ETF by 39.0% during the 1st quarter. Private Advisory Group LLC now owns 5,250 shares of the company’s stock worth $399,000 after buying an additional 1,473 shares during the period. Flow Traders U.S. LLC acquired a new position in Invesco S&P 500 High Beta ETF during the 1st quarter valued at $283,000. Renaissance Technologies LLC acquired a new position in Invesco S&P 500 High Beta ETF during the 1st quarter valued at $319,000. Finally, UBS Group AG raised its stake in Invesco S&P 500 High Beta ETF by 34.8% during the 2nd quarter. UBS Group AG now owns 53,169 shares of the company’s stock valued at $3,117,000 after purchasing an additional 13,712 shares during the last quarter.
Invesco S&P 500 High Beta ETF Price Performance
NYSEARCA:SPHB opened at $76.44 on Friday. The stock has a market cap of $663.50 million, a P/E ratio of 23.20 and a beta of 1.49. Invesco S&P 500 High Beta ETF has a one year low of $54.60 and a one year high of $80.78. The company has a fifty day moving average price of $76.54 and a 200 day moving average price of $71.82.
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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