AE Wealth Management LLC Has $32,000 Holdings in Invesco S&P 500 High Beta ETF $SPHB

AE Wealth Management LLC trimmed its stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 96.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 289 shares of the company’s stock after selling 7,574 shares during the period. AE Wealth Management LLC’s holdings in Invesco S&P 500 High Beta ETF were worth $32,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its holdings in Invesco S&P 500 High Beta ETF by 86.4% during the 2nd quarter. Osaic Holdings Inc. now owns 24,612 shares of the company’s stock worth $2,373,000 after purchasing an additional 11,411 shares in the last quarter. Allianz SE acquired a new position in shares of Invesco S&P 500 High Beta ETF during the second quarter worth about $21,799,000. Bank Hapoalim BM acquired a new position in shares of Invesco S&P 500 High Beta ETF during the third quarter worth about $9,443,000. Atria Wealth Solutions Inc. bought a new position in shares of Invesco S&P 500 High Beta ETF during the second quarter worth about $1,003,000. Finally, Stratos Wealth Advisors LLC raised its position in Invesco S&P 500 High Beta ETF by 3.8% in the 2nd quarter. Stratos Wealth Advisors LLC now owns 5,829 shares of the company’s stock valued at $569,000 after buying an additional 212 shares during the last quarter.

Invesco S&P 500 High Beta ETF Stock Performance

NYSEARCA SPHB opened at $124.24 on Tuesday. Invesco S&P 500 High Beta ETF has a 52 week low of $64.40 and a 52 week high of $124.91. The stock’s 50 day moving average price is $120.29 and its two-hundred day moving average price is $112.62. The stock has a market capitalization of $694.50 million, a price-to-earnings ratio of 20.84 and a beta of 1.47.

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.