Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report) saw strong trading volume on Monday . 265,153 shares changed hands during trading, an increase of 13% from the previous session’s volume of 235,147 shares.The stock last traded at $89.44 and had previously closed at $90.90.
Invesco S&P 500 High Beta ETF Trading Up 1.6 %
The firm has a market capitalization of $303.00 million, a P/E ratio of 25.57 and a beta of 1.49. The firm has a 50 day moving average price of $91.28 and a 200-day moving average price of $89.61.
Institutional Investors Weigh In On Invesco S&P 500 High Beta ETF
Hedge funds and other institutional investors have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $81,000. EHP Funds Inc. bought a new position in shares of Invesco S&P 500 High Beta ETF during the fourth quarter valued at approximately $8,697,000. Bank of America Corp DE raised its holdings in shares of Invesco S&P 500 High Beta ETF by 15.8% in the fourth quarter. Bank of America Corp DE now owns 103,857 shares of the company’s stock worth $9,207,000 after buying an additional 14,155 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Invesco S&P 500 High Beta ETF by 50.4% in the fourth quarter. BNP Paribas Financial Markets now owns 143,151 shares of the company’s stock worth $12,690,000 after buying an additional 48,002 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Invesco S&P 500 High Beta ETF by 3.1% during the 4th quarter. Ameriprise Financial Inc. now owns 55,815 shares of the company’s stock worth $4,948,000 after acquiring an additional 1,699 shares during the last quarter.
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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