NewEdge Advisors LLC Grows Stake in Invesco S&P 500 High Beta ETF $SPHB

NewEdge Advisors LLC increased its stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 271,263.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 141,109 shares of the company’s stock after purchasing an additional 141,057 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P 500 High Beta ETF were worth $16,362,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SPHB. Cornerstone Planning Group LLC purchased a new stake in Invesco S&P 500 High Beta ETF during the 4th quarter worth approximately $28,000. International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth approximately $49,000. Realta Investment Advisors acquired a new position in Invesco S&P 500 High Beta ETF in the 4th quarter valued at $74,000. Flagship Harbor Advisors LLC purchased a new position in Invesco S&P 500 High Beta ETF in the 4th quarter valued at $108,000. Finally, Headlands Technologies LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the 2nd quarter worth $104,000.

Invesco S&P 500 High Beta ETF Trading Down 3.2%

NYSEARCA:SPHB opened at $134.64 on Thursday. The company’s 50-day moving average price is $147.45 and its 200-day moving average price is $132.76. The company has a market cap of $939.79 million, a P/E ratio of 20.84 and a beta of 1.40. Invesco S&P 500 High Beta ETF has a twelve month low of $98.85 and a twelve month high of $157.57.

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.