Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sets New 12-Month High – What’s Next?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $142.33 and last traded at $141.70, with a volume of 10790 shares changing hands. The stock had previously closed at $141.67.

Invesco S&P 500 High Beta ETF Trading Up 0.5%

The firm’s fifty day moving average price is $123.66 and its 200 day moving average price is $119.89. The firm has a market capitalization of $853.92 million, a PE ratio of 20.84 and a beta of 1.39.

Hedge Funds Weigh In On Invesco S&P 500 High Beta ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at $28,000. Founders Financial Alliance LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter valued at $36,000. Chesapeake Asset Management LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at $41,000. International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at $49,000. Finally, Realta Investment Advisors purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at $74,000.

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.