Axiom Financial Strategies LLC Purchases New Position in Invesco S&P 500 High Beta ETF $SPHB

Axiom Financial Strategies LLC acquired a new position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 135,621 shares of the company’s stock, valued at approximately $14,891,000. Invesco S&P 500 High Beta ETF accounts for about 6.4% of Axiom Financial Strategies LLC’s holdings, making the stock its 3rd largest position.

Other hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. raised its holdings in Invesco S&P 500 High Beta ETF by 185.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 27,458 shares of the company’s stock valued at $3,015,000 after acquiring an additional 17,824 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the third quarter worth $2,212,000. UBS Group AG boosted its holdings in shares of Invesco S&P 500 High Beta ETF by 42.8% in the third quarter. UBS Group AG now owns 43,430 shares of the company’s stock worth $4,769,000 after acquiring an additional 13,011 shares during the period. BNP Paribas Financial Markets grew its position in shares of Invesco S&P 500 High Beta ETF by 19.6% in the third quarter. BNP Paribas Financial Markets now owns 170,536 shares of the company’s stock valued at $18,725,000 after purchasing an additional 27,943 shares in the last quarter. Finally, PFG Advisors grew its position in shares of Invesco S&P 500 High Beta ETF by 835.6% in the third quarter. PFG Advisors now owns 93,125 shares of the company’s stock valued at $10,225,000 after purchasing an additional 83,172 shares in the last quarter.

Invesco S&P 500 High Beta ETF Stock Performance

NYSEARCA:SPHB opened at $116.39 on Friday. The business’s fifty day moving average is $122.08 and its 200 day moving average is $115.73. The firm has a market cap of $650.62 million, a price-to-earnings ratio of 20.84 and a beta of 1.47. Invesco S&P 500 High Beta ETF has a 52-week low of $64.40 and a 52-week high of $126.59.

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.