Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Hits New 1-Year High – What’s Next?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s share price reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $157.59 and last traded at $157.3070, with a volume of 56278 shares. The stock had previously closed at $155.57.

Invesco S&P 500 High Beta ETF Trading Up 1.0%

The firm has a market cap of $983.21 million, a P/E ratio of 20.84 and a beta of 1.44. The business’s 50-day moving average is $147.61 and its two-hundred day moving average is $141.59.

Institutional Trading of Invesco S&P 500 High Beta ETF

Several hedge funds have recently made changes to their positions in SPHB. NewEdge Advisors LLC increased its holdings in shares of Invesco S&P 500 High Beta ETF by 271,363.5% in the 1st quarter. NewEdge Advisors LLC now owns 141,161 shares of the company’s stock worth $16,368,000 after acquiring an additional 141,109 shares during the period. Cetera Investment Advisers grew its position in Invesco S&P 500 High Beta ETF by 29.9% in the 1st quarter. Cetera Investment Advisers now owns 29,595 shares of the company’s stock worth $3,432,000 after purchasing an additional 6,806 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Invesco S&P 500 High Beta ETF in the 2nd quarter worth about $751,000. Fifth Third Bancorp acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the first quarter valued at approximately $553,000. Finally, Commonwealth Financial Services LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the first quarter valued at approximately $1,857,000.

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.