Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Large Volume Increase

Posted by Patrick Bannon on Apr 17th, 2024

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 260,692 shares were traded during trading, a decline of 61% from the previous session’s volume of 663,940 shares.The stock last traded at $81.63 and had previously closed at $81.21.

Invesco S&P 500 High Beta ETF Stock Down 0.3 %

The stock’s 50 day moving average price is $84.49 and its two-hundred day moving average price is $78.13. The firm has a market capitalization of $598.96 million, a price-to-earnings ratio of 22.43 and a beta of 1.50.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Koshinski Asset Management Inc. grew its stake in shares of Invesco S&P 500 High Beta ETF by 83.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 10,064 shares of the company’s stock valued at $829,000 after buying an additional 4,589 shares in the last quarter. D.A. Davidson & CO. grew its position in Invesco S&P 500 High Beta ETF by 2.9% in the third quarter. D.A. Davidson & CO. now owns 26,398 shares of the company’s stock worth $1,850,000 after acquiring an additional 756 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Invesco S&P 500 High Beta ETF by 69.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 44,913 shares of the company’s stock worth $3,148,000 after purchasing an additional 18,351 shares during the last quarter. Vigilare Wealth Management bought a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at $252,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at $3,152,000.

Invesco S&P 500 High Beta ETF Company Profile

(Get Free Report)

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.