Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Stock Price Down 2.5% – Here’s What Happened

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) shares were down 2.5% during mid-day trading on Monday . The company traded as low as $145.07 and last traded at $145.69. 469,577 shares were traded during trading, an increase of 25% from the average session volume of 374,446 shares. The stock had previously closed at $149.45.

Invesco S&P 500 High Beta ETF Price Performance

The firm has a market capitalization of $1.00 billion, a PE ratio of 20.84 and a beta of 1.40. The business’s 50 day moving average is $146.65 and its two-hundred day moving average is $130.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPHB. Cornerstone Planning Group LLC purchased a new stake in Invesco S&P 500 High Beta ETF during the fourth quarter valued at about $28,000. Chesapeake Asset Management LLC bought a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $41,000. International Assets Investment Management LLC bought a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $49,000. Realta Investment Advisors purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $74,000. Finally, Headlands Technologies LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 2nd quarter valued at about $104,000.

Invesco S&P 500 High Beta ETF Company 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.