Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Hits New 52-Week High – What’s Next?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) shares hit a new 52-week high on Monday . The company traded as high as $156.00 and last traded at $156.00, with a volume of 1927 shares trading hands. The stock had previously closed at $155.04.

Invesco S&P 500 High Beta ETF Trading Down 4.0%

The stock has a market capitalization of $902.76 million, a price-to-earnings ratio of 20.84 and a beta of 1.41. The firm’s fifty day moving average price is $141.47 and its 200 day moving average price is $127.73.

Institutional Trading of Invesco S&P 500 High Beta ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPHB. Cornerstone Planning Group LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth $28,000. Chesapeake Asset Management LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter valued at $41,000. International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at $49,000. Realta Investment Advisors purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at $74,000. Finally, Optiver Holding B.V. acquired a new position in Invesco S&P 500 High Beta ETF during the 3rd quarter worth about $77,000.

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.