International Assets Investment Management LLC bought a new position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 871 shares of the company’s stock, valued at approximately $74,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Burke & Herbert Bank & Trust Co. bought a new position in shares of Invesco S&P 500 High Beta ETF in the second quarter valued at approximately $1,091,000. Jane Street Group LLC raised its holdings in Invesco S&P 500 High Beta ETF by 33.4% in the 1st quarter. Jane Street Group LLC now owns 106,251 shares of the company’s stock worth $9,322,000 after acquiring an additional 26,614 shares during the period. Ascent Group LLC acquired a new position in Invesco S&P 500 High Beta ETF during the 1st quarter worth $1,346,000. Osaic Holdings Inc. boosted its holdings in Invesco S&P 500 High Beta ETF by 140.0% during the first quarter. Osaic Holdings Inc. now owns 117,848 shares of the company’s stock valued at $10,340,000 after acquiring an additional 68,741 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in shares of Invesco S&P 500 High Beta ETF by 235.3% in the first quarter. Avantax Advisory Services Inc. now owns 19,597 shares of the company’s stock valued at $1,719,000 after purchasing an additional 13,753 shares during the last quarter.
Invesco S&P 500 High Beta ETF Stock Down 4.2 %
Shares of NYSEARCA SPHB opened at $82.14 on Wednesday. Invesco S&P 500 High Beta ETF has a 12 month low of $63.15 and a 12 month high of $90.34. The business’s 50 day moving average is $84.72 and its two-hundred day moving average is $84.29. The company has a market cap of $583.19 million, a P/E ratio of 22.23 and a beta of 1.48.
Invesco S&P 500 High Beta ETF 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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