BNB Wealth Management LLC Buys New Position in Invesco S&P 500 High Beta ETF $SPHB

BNB Wealth Management LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) during the 4th quarter, Holdings Channel reports. The institutional investor bought 35,114 shares of the company’s stock, valued at approximately $4,107,000. Invesco S&P 500 High Beta ETF makes up approximately 2.6% of BNB Wealth Management LLC’s holdings, making the stock its 12th biggest position.

Several other hedge funds also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position in Invesco S&P 500 High Beta ETF by 4,310.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 382,849 shares of the company’s stock valued at $44,422,000 after buying an additional 374,168 shares in the last quarter. Wells Fargo & Company MN increased its position in Invesco S&P 500 High Beta ETF by 75.8% during the 4th quarter. Wells Fargo & Company MN now owns 381,649 shares of the company’s stock valued at $44,642,000 after buying an additional 164,522 shares in the last quarter. LPL Financial LLC increased its position in Invesco S&P 500 High Beta ETF by 11.9% during the 4th quarter. LPL Financial LLC now owns 221,840 shares of the company’s stock valued at $25,949,000 after buying an additional 23,514 shares in the last quarter. BNP Paribas Financial Markets increased its position in Invesco S&P 500 High Beta ETF by 19.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 170,536 shares of the company’s stock valued at $18,725,000 after buying an additional 27,943 shares in the last quarter. Finally, Axiom Financial Strategies LLC acquired a new position in Invesco S&P 500 High Beta ETF during the 3rd quarter valued at about $14,891,000.

Invesco S&P 500 High Beta ETF Price Performance

Shares of NYSEARCA:SPHB opened at $150.88 on Thursday. The business’s 50-day moving average is $138.81 and its 200 day moving average is $126.60. Invesco S&P 500 High Beta ETF has a 1 year low of $91.07 and a 1 year high of $155.82. The firm has a market capitalization of $905.28 million, a P/E ratio of 20.84 and a beta of 1.41.

Invesco S&P 500 High Beta ETF 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.