Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Reaches New 12-Month High – Should You Buy?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) shares reached a new 52-week high during trading on Monday . The stock traded as high as $136.23 and last traded at $136.14, with a volume of 22181 shares traded. The stock had previously closed at $135.31.

Invesco S&P 500 High Beta ETF Stock Up 2.3%

The firm has a 50-day moving average price of $123.35 and a 200 day moving average price of $119.70. The firm has a market capitalization of $845.16 million, a PE ratio of 20.84 and a beta of 1.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF in the fourth quarter valued at approximately $28,000. Founders Financial Alliance LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF in the third quarter valued at approximately $36,000. Chesapeake Asset Management LLC purchased a new position in Invesco S&P 500 High Beta ETF in the fourth quarter valued at $41,000. International Assets Investment Management LLC purchased a new position in Invesco S&P 500 High Beta ETF in the fourth quarter valued at $49,000. Finally, Realta Investment Advisors purchased a new position in Invesco S&P 500 High Beta ETF in the fourth quarter valued at $74,000.

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.