Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $138.00 and traded as high as $139.91. Invesco S&P 500 High Beta ETF shares last traded at $138.12, with a volume of 376,239 shares changing hands.
Invesco S&P 500 High Beta ETF Stock Performance
The firm has a market capitalization of $827.34 million, a P/E ratio of 20.84 and a beta of 1.47. The stock’s 50 day simple moving average is $145.01 and its 200 day simple moving average is $138.00.
Institutional Trading of Invesco S&P 500 High Beta ETF
A number of large investors have recently modified their holdings of the company. Cornerstone Planning Group LLC grew its stake in Invesco S&P 500 High Beta ETF by 43.9% in the first quarter. Cornerstone Planning Group LLC now owns 328 shares of the company’s stock worth $38,000 after purchasing an additional 100 shares in the last quarter. Valued Retirements Inc. increased its holdings in Invesco S&P 500 High Beta ETF by 19.1% during the 3rd quarter. Valued Retirements Inc. now owns 1,667 shares of the company’s stock worth $251,000 after purchasing an additional 267 shares during the period. Visionary Horizons LLC raised its position in Invesco S&P 500 High Beta ETF by 2.2% during the 3rd quarter. Visionary Horizons LLC now owns 14,134 shares of the company’s stock valued at $2,130,000 after purchasing an additional 306 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC raised its position in Invesco S&P 500 High Beta ETF by 1.2% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 32,732 shares of the company’s stock valued at $4,934,000 after purchasing an additional 376 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in Invesco S&P 500 High Beta ETF by 9.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,116 shares of the company’s stock valued at $796,000 after purchasing an additional 440 shares in the last quarter.
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.
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