Legacy Financial Strategies LLC Has $430,000 Stock Holdings in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Legacy Financial Strategies LLC cut its stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 35.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,500 shares of the company’s stock after selling 3,000 shares during the period. Legacy Financial Strategies LLC’s holdings in Invesco S&P 500 High Beta ETF were worth $430,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stratos Wealth Advisors LLC raised its position in shares of Invesco S&P 500 High Beta ETF by 4.2% during the fourth quarter. Stratos Wealth Advisors LLC now owns 5,846 shares of the company’s stock worth $518,000 after purchasing an additional 237 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Invesco S&P 500 High Beta ETF by 229.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 431 shares of the company’s stock worth $39,000 after purchasing an additional 300 shares during the period. Harbour Investments Inc. acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth $28,000. Global Retirement Partners LLC raised its position in shares of Invesco S&P 500 High Beta ETF by 642.9% during the fourth quarter. Global Retirement Partners LLC now owns 520 shares of the company’s stock worth $46,000 after purchasing an additional 450 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in shares of Invesco S&P 500 High Beta ETF by 22.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 2,752 shares of the company’s stock worth $244,000 after purchasing an additional 509 shares during the period.

Invesco S&P 500 High Beta ETF Trading Down 1.2%

NYSEARCA:SPHB opened at $87.58 on Friday. The firm has a market capitalization of $365.21 million, a price-to-earnings ratio of 21.58 and a beta of 1.42. Invesco S&P 500 High Beta ETF has a 1-year low of $64.40 and a 1-year high of $96.15. The business’s fifty day moving average price is $80.09 and its 200 day moving average price is $86.48.

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.