International Assets Investment Management LLC Purchases Shares of 71,667 Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 71,667 shares of the company’s stock, valued at approximately $5,905,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vigilare Wealth Management purchased a new stake in Invesco S&P 500 High Beta ETF during the fourth quarter valued at about $252,000. Private Advisory Group LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the 3rd quarter worth approximately $237,000. One Wealth Management Investment & Advisory Services LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the 4th quarter worth approximately $471,000. TRUE Private Wealth Advisors purchased a new position in Invesco S&P 500 High Beta ETF in the third quarter valued at approximately $432,000. Finally, HighTower Advisors LLC acquired a new position in Invesco S&P 500 High Beta ETF during the third quarter valued at approximately $488,000.

Invesco S&P 500 High Beta ETF Stock Down 0.8 %

Invesco S&P 500 High Beta ETF stock opened at $83.14 on Wednesday. The firm has a fifty day moving average of $84.22 and a 200-day moving average of $79.52. Invesco S&P 500 High Beta ETF has a 52-week low of $63.15 and a 52-week high of $88.09. The firm has a market capitalization of $590.29 million, a P/E ratio of 22.23 and a beta of 1.48.

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.