Raymond James & Associates lowered its position in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 195,037 shares of the company’s stock after selling 4,743 shares during the quarter. Raymond James & Associates’ holdings in Invesco S&P 500 High Beta ETF were worth $17,401,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of SPHB. Private Advisor Group LLC boosted its holdings in shares of Invesco S&P 500 High Beta ETF by 22.7% in the 1st quarter. Private Advisor Group LLC now owns 12,419 shares of the company’s stock valued at $1,090,000 after buying an additional 2,295 shares during the last quarter. Hanlon Investment Management Inc. acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the 1st quarter valued at approximately $383,000. Csenge Advisory Group acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the 1st quarter valued at approximately $1,830,000. MGB Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 High Beta ETF by 17.2% in the 1st quarter. MGB Wealth Management LLC now owns 2,552 shares of the company’s stock valued at $224,000 after buying an additional 375 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the 1st quarter valued at approximately $467,000.
Invesco S&P 500 High Beta ETF Trading Up 0.4 %
NYSEARCA SPHB opened at $89.41 on Friday. The company has a market cap of $634.81 million, a PE ratio of 22.23 and a beta of 1.48. Invesco S&P 500 High Beta ETF has a 12 month low of $63.15 and a 12 month high of $91.95. The stock has a 50 day moving average of $87.04 and a 200-day moving average of $84.98.
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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