Oppenheimer Asset Management Inc. Reduces Holdings in Invesco S&P 500 High Beta ETF $SPHB

Oppenheimer Asset Management Inc. cut its stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 18.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,770 shares of the company’s stock after selling 830 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.09% of Invesco S&P 500 High Beta ETF worth $368,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SPHB. LPL Financial LLC raised its position in shares of Invesco S&P 500 High Beta ETF by 188.7% during the 1st quarter. LPL Financial LLC now owns 385,387 shares of the company’s stock worth $30,160,000 after purchasing an additional 251,894 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Invesco S&P 500 High Beta ETF by 13.3% during the 1st quarter. Royal Bank of Canada now owns 137,049 shares of the company’s stock worth $10,726,000 after buying an additional 16,132 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the 1st quarter worth approximately $7,436,000. Jones Financial Companies Lllp grew its holdings in shares of Invesco S&P 500 High Beta ETF by 1,500.2% during the 1st quarter. Jones Financial Companies Lllp now owns 76,121 shares of the company’s stock worth $5,957,000 after purchasing an additional 71,364 shares during the period. Finally, Cynosure Group LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 1st quarter worth approximately $4,974,000.

Invesco S&P 500 High Beta ETF Stock Performance

NYSEARCA:SPHB opened at $115.10 on Monday. The stock has a market capitalization of $546.73 million, a P/E ratio of 20.84 and a beta of 1.47. The company has a 50 day moving average price of $109.75 and a 200 day moving average price of $99.14. Invesco S&P 500 High Beta ETF has a fifty-two week low of $64.40 and a fifty-two week high of $116.77.

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.