Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report) fell 0.7% during mid-day trading on Tuesday . The company traded as low as $141.57 and last traded at $141.99. 361,098 shares changed hands during trading, an increase of 1% from the average session volume of 355,831 shares. The stock had previously closed at $143.03.
Invesco S&P 500 High Beta ETF Stock Performance
The stock has a market cap of $884.83 million, a PE ratio of 20.84 and a beta of 1.42. The stock has a fifty day moving average price of $145.78 and a 200 day moving average price of $138.68.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of SPHB. Integrated Wealth Concepts LLC lifted its holdings in shares of Invesco S&P 500 High Beta ETF by 9.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 5,116 shares of the company’s stock worth $796,000 after acquiring an additional 440 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Invesco S&P 500 High Beta ETF by 1.8% in the second quarter. NewEdge Advisors LLC now owns 143,770 shares of the company’s stock worth $22,369,000 after purchasing an additional 2,609 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its stake in shares of Invesco S&P 500 High Beta ETF by 3.9% during the 2nd quarter. Hutchens & Kramer Investment Management Group LLC now owns 32,356 shares of the company’s stock worth $5,034,000 after acquiring an additional 1,200 shares during the last quarter. Continuum Advisory LLC purchased a new position in Invesco S&P 500 High Beta ETF during the 2nd quarter valued at $78,000. Finally, Wealthcare Advisory Partners LLC purchased a new position in Invesco S&P 500 High Beta ETF during the 2nd quarter valued at $751,000.
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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