Invesco S&P 500 High Beta ETF $SPHB Stake Lessened by NTV Asset Management LLC

NTV Asset Management LLC cut its stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,869 shares of the company’s stock after selling 3,500 shares during the period. NTV Asset Management LLC owned approximately 0.72% of Invesco S&P 500 High Beta ETF worth $3,108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. XML Financial LLC bought a new position in shares of Invesco S&P 500 High Beta ETF in the second quarter valued at approximately $243,000. Sowell Financial Services LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the second quarter valued at approximately $1,278,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the second quarter valued at approximately $213,000. Coppell Advisory Solutions LLC lifted its stake in Invesco S&P 500 High Beta ETF by 5,429.8% during the first quarter. Coppell Advisory Solutions LLC now owns 26,377 shares of the company’s stock valued at $2,064,000 after purchasing an additional 25,900 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Invesco S&P 500 High Beta ETF by 1,500.2% during the first quarter. Jones Financial Companies Lllp now owns 76,121 shares of the company’s stock valued at $5,957,000 after purchasing an additional 71,364 shares during the last quarter.

Invesco S&P 500 High Beta ETF Price Performance

SPHB stock opened at $111.97 on Friday. Invesco S&P 500 High Beta ETF has a 12 month low of $64.40 and a 12 month high of $113.19. The firm has a market cap of $474.75 million, a PE ratio of 20.84 and a beta of 1.49. The firm has a 50 day simple moving average of $105.75 and a 200 day simple moving average of $93.66.

Invesco S&P 500 High Beta ETF Company 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.